What's Going On With Alphabet Stock Tuesday?

Alphabet Inc GOOG shares are in the spotlight Tuesday ahead of earnings after the bell. Here’s what you need to know ahead of the report.

What To Know: Alphabet is due to report second-quarter financial results after the market close on Tuesday. Analysts expect the tech giant to report earnings of $1.85 per share and revenue of $84.21 billion, according to Benzinga Pro.

Last quarter, the Google parent said revenue jumped 15% year-over-year driven by strong performance from Search, YouTube and Cloud. Alphabet authorized an additional share repurchase program of up to $70 billion and announced its first-ever quarterly dividend.

“We are well under way with our Gemini era and there’s great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation,” Alphabet CEO Sundar Pichai said at the time.

Alphabet has beat analyst estimates on the top and bottom lines in five consecutive quarters heading into Tuesday’s print.

See Also: How To Earn $500 A Month From Alphabet Stock Ahead Of Q2 Earnings Report

Here’s a look at all of the analyst changes from the past two weeks leading up to earnings:

• TD Cowen analyst John Blackledge maintained Alphabet with a Buy and raised the price target from $200 to $220.

• Wolfe Research analyst Shweta Khajuria initiated coverage on Alphabet with an Outperform rating and announced a price target of $240.

• Argus Research analyst Joseph Bonner maintained Alphabet with a Buy and raised the price target from $200 to $215.

• BMO Capital analyst Brian Pitz reiterated Alphabet with an Outperform and raised the price target from $215 to $222.

• Wedbush analyst Scott Devitt reiterated Alphabet with an Outperform and maintained a price target of $205.

GOOG Price Action: Google shares were up 0.53% at $184.33 at the time of publication, according to Benzinga Pro.

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