From Nasdaq MarketSite.: 2025-04-28 11:23:00

Shares of Alphabet (NASDAQ: GOOGL) are on the rise following a strong earnings report, dividend increase, and $70 billion buyback program. Despite recent challenges, including a federal ruling labeling Google as an illegal monopoly, Alphabet’s revenue reached $90.23 billion, beating estimates, with a 12% year-over-year increase in earnings per share.

Analysts are optimistic about Alphabet’s future, with a consensus Moderate Buy rating and an average price target of $198.63, implying a 23% upside. Bank of America and Citigroup analysts maintain Buy ratings, praising Alphabet’s performance in search and cloud services, AI features like AI Overviews, and potential revenue growth opportunities through AI advancements like Gemini.

Alphabet’s strong earnings performance has sparked investor confidence, leading to a nearly 5% jump in after-hours trading and a $75 billion increase in valuation. Capital expenditures surged 43%, reflecting heavy investments in AI infrastructure. Despite regulatory challenges and competition concerns, Alphabet’s core businesses, including search and cloud services, remain resilient with positive growth trends and AI-driven features attracting users.



Read more at Nasdaq MarketSite.:: Alphabet Rebounds After Strong Earnings and Buyback Announcement