Overview

• Analysts expect Alphabet to report Q2 earnings of $2.12 per share, marking a 12.2% year-over-year increase.
• JMP Securities upgraded Alphabet to Market Outperform with a $220 price target based on its AI integration and revenue momentum.
• Alphabet stock trades at 19 times projected 2025 earnings, its lowest valuation multiple in more than a decade.
• Google Cloud revenue grew 28% in Q1 and will benefit from OpenAI’s decision to rent Google TPU accelerators for AI workloads.
• Pending U.S. antitrust actions threaten to force asset divestitures, including potential requirements to sell the Chrome browser.