Alphabet Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Alphabet Inc. GOOGL is expected to report its second-quarter financial results, after the closing bell on July 25, 2023.

Analysts expect the company to post quarterly earnings at $1.34 per share, up from year-ago earnings of $1.21 per share. The company’s revenue might come in at $72.8 billion.

Alphabet shares rose 1.3% to close at $121.53 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Stifel analyst Scott Devitt maintained a Buy rating and raised the price target from $130 to $135 on July 21, 2023. This analyst sees around 11% upside in the company’s stock and has an accuracy rate of 83%.
• B of A Securities analyst Justin Post maintained a Buy rating and raised the price target from $128 to $142 on July 20, 2023. This analyst sees around 17% upside in the company’s stock and has an accuracy rate of 83%.
• Bernstein analyst Mark Shmulik downgraded the stock from Outperform to Market Perform with a price target of $125 on June 27, 2023. This analyst sees around 3% upside in the company’s stock and has an accuracy rate of 85%.
• UBS analyst Lloyd Walmsley downgraded the stock from Buy to Neutral and raised the price target from $123 to $132 on June 26, 2023. This analyst sees around 9% upside in the company’s stock and has an accuracy rate of 83%.
• Jefferies analyst Brent Thill maintained a Buy rating and raised the price target from $130 to $150 on May 23, 2023. This analyst sees around 23% upside in the company’s stock and has an accuracy rate of 74%.

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