Alphabet (GOOGL) Gets $190 Price Target Ahead of Earnings, Analyst Sees Favorable Setup

Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks on Analysts’ Radar Right Now. On July 21, Wolfe Research analyst Shweta Khajuria reiterated an “Outperform” rating on the stock with a $190.00 price target. The rating affirmation comes ahead of Alphabet’s second-quarter earnings report scheduled for Tuesday, July 22^nd.

The firm noted that even though it’s going to “skew long into the print,” there may not be enough investor focus as it would be diverted to the upcoming Search ruling anticipated in August.

The firm highlighted how Alphabet shares have outperformed the S&P 500 by 1 percentage point since the last earnings release, driven by a “friendly setup,” improving advertising environment, and its AI narrative for Gemini models.

Wolfe Research noted that it will be all ears for Alphabet’s updates on the AI mode and AI overview monetization during the earnings call. Any metric disclosures may move beyond clicks growth and come during Q3 call or later.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.

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Disclosure: None.