Google-parent Alphabet stock has rebounded impressively in 2024, up 41% year to date with strong growth in Search, YouTube, and Google Cloud. Wall Street is bullish on Google’s AI innovation and momentum trade leading into Q3 earnings.

JPMorgan’s analyst raises Alphabet’s price target to $300, citing a favorable DOJ ruling on Search Commercial Agreement. Google’s default-search deals remain intact, with no breakup. Analysts view this as a win, clearing a major cloud over the stock.

Google continues to innovate with AI, from Gemini 3 to Cloud deals worth up to $10 billion annually. Analysts are optimistic about Google’s performance, tracking as the second-best among the Magnificent 7 stocks this year.

Alphabet will report Q3 earnings on Oct. 29, with expectations of $2.26 per share on $100.1 billion in sales. Analysts are split between optimism and margin concerns due to heavy AI infrastructure spending and potential regulatory expenses.

In Q2, Alphabet posted $96.43 billion in sales, up 14% YOY, with strong performances in Search, YouTube Ads, and Google Cloud. The company raised its 2025 capex guidance toward the $85 billion mark to scale AI models and data centers.

Read more at Yahoo Finance: JPMorgan revamps Google stock target on quiet game-changer