Google Parent Alphabet (Googl) should report its fourth quarter results after closing the market on Tuesday, analysts being mainly optimistic about the actions of the technology giant.
Of the 19 analysts covering the title followed by Visible Alpha, 15 issued notes “Buy” or equivalent, with four “Hold” notes. Their consensual price objective is around $ 219, a bonus of around 7% above Friday’s fence price.
Alphabet is expected to generate turnover in the fourth quarter of $ 96.6 billion, up 12% in annual shift and a profit of $ 26.19 billion, or $ 2.12 per share, against 20,69 billion dollars, or $ 1.64 per share, a year earlier.
Jefferies recently maintained a “purchase” note and a price objective of $ 235 for the action, above the consensus compiled by Visible Alpha, writing that the “Basic Alphabets seem to improve with advertising expenditure solid ”and that the company notes growing Google Cloud.
The spending of the technology giant for AI will also likely be to the point after the emergence of a model of sophisticated and profitable AI of the Chinese startup Deepseek has raised concerns concerning the competitiveness of American companies and their expenses for the emerging technology.
Analysts of Bank of America told customers in a note on Friday that they considered the solid results last week of Meta (META), which was held by its IA expenditure plans, as a positive signal for the alphabet. Earlier in the week, Raymond James and Bank of America analysts also suggested that the rapid rise in Deepseek could push the technology giant to act with greater urgency on AI developments.
Alphabet actions have gained approximately 43% in the last 12 months, at $ 204.02 at the end of Friday.
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