<div id="readability-page-1"><div><div><p>Google parent <strong>Alphabet, Inc.</strong> <span>GOOG</span> <span>GOOGL</span> second-quarter results beat Wall Street’s expectations for the tenth straight quarter on Wednesday. Analysts are responding by raising their price targets across the board.</p><ul> <li><em>Click here to see what experts are saying about GOOG stock here. </em></li> </ul><p><strong>Q2 Results:</strong> Google parent Alphabet reported revenue of $96.43 billion, beating analyst estimates of $93.72 billion. The company reported second-quarter earnings of $2.31 per share, beating the Street estimate of $2.16 per share.</p><ul> <li>Total revenue was up 14% year-over-year, driven by &#34;robust momentum&#34; across the business. </li> <li><strong>Google Advertising</strong>: $71.34 billion, up from $64.62 billion year-over-year</li> <li><strong>Google Search</strong>: $54.19 billion, up from $48.51 billion year-over-year</li> <li><strong>YouTube Advertising:</strong> $9.8 billion, up from $8.66 billion year-over-year</li> <li><strong>Google Cloud: </strong>$13.62 billion, up from $10.35 billion year-over-year</li> </ul><p>Price Target Adjustments:</p><ul> <li>Analysts from KeyBanc Capital Markets attributed growth across all segments to AI momentum and Justin Patterson raised the price target on Alphabet shares from $215 to $230.  </li> <li>WestPark Capital analyst Curtis Shauger maintained a Buy rating on Alphabet and raised the price target from $210 to $220. </li> <li>JMP Securities analyst Andrew Boone maintained Alphabet with an Outperform and raised the price target from $220 to $225. </li> <li>BMO Capital analyst Brian Pitz raised Alphabet’s price target from $208 to $225.</li> <li>RBC analyst Brad Erickson raised Alphabet’s price target from $200 to $220 based on the outperformance of Search and Cloud segments. </li> <li>JPMorgan analyst Doug Anmuth maintained an Overweight rating on Alphabet and raised the price target on the stock from $200 to $232.</li> <li>Cantor analyst Deepak Mathivanan price target raise from $1.96 to $2.01. </li> <li>Rosenblatt Securities maintained a Neutral rating on Alphabet and raised the price target from $189 to $191.</li> </ul><div><div><div><p>Trending Investment Opportunities</p></div></div></div><h3>Expert Ideas</h3><p><strong>BMO Capital Markets </strong>analysts highlighted Google Cloud’s revenue growth of 32% year-over-year and the number of deals exceeding $250 million, which doubled in the second quarter.</p><p>Analysts from <strong>RBC Capital Markets </strong>highlighted Alphabet’s beat across every revenue segment. AI Overviews now drive 10% more queries. Management reported queries and commercial queries growth contrary to assumptions that AI Overviews would slow queries.</p><p><strong>JPMorgan</strong> focused on AI Overviews hitting 2 billion monthly average users in additions to Gemini with 450 million and AI Mode at 100 million without disrupting monetization as paid clicks still grew 4% in the second quarter. The analysts see Alphabet’s capex rise due to increasing AI demand and improving infrastructure access as a &#34;good problem to have.”</p><p><strong>Cantor Fitzgerald </strong>pointed to strong AI adoption rates across Alphabet’s products and highlighted advertisers using AI tools seeing 14% more conversions. Mathivanan said the focus now shifts to the pending DOJ ruling in August and maintained a Neutral rating on the stock.</p><p><strong>Rosenblatt Securities </strong>analyst Barton Crockett expressed concern over Google's dominance in traditional search. Currently, the company lags behind in its use of chatbots. This presents a risk if the market continues to shift toward AI chatbots.</p><p><strong>Stock Price: </strong>Shares of Alphabet were up 0.99% at $193.41 on Thursday, according to data from Benzinga Pro.  </p><ul> <li><strong>Space Stock Tracker: Virgin Galactic Makes A Comeback While Rocket Lab Takes A Breather</strong></li> </ul><p><em>Photo: Shutterstock</em></p></div></div></div>

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<p>Google parent Alphabet, Inc. reported Q2 results exceeding expectations for the tenth consecutive quarter, with revenue of $96.43 billion and earnings of $2.31 per share. Analysts raised price targets significantly, with JPMorgan increasing it to $232. The growth is attributed to strong performance in advertising and cloud services, driven by AI momentum. Despite concerns over Google's search dominance and chatbot usage, shares rose 0.99% to $193.41.</p>

- Alphabet, Inc. reported Q2 revenue of $96.43 billion, surpassing estimates of $93.72 billion, marking the tenth consecutive quarter of exceeding expectations.  
- Analysts raised price targets for Alphabet shares, attributing growth to AI momentum, with notable increases from firms like KeyBanc and JPMorgan.  
- Despite strong performance, concerns were raised about Google's position in traditional search and its lag in chatbot technology amidst the growing AI landscape.

Google Stock Roars As Analysts Race To Raise Price Targets