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Bank Ratings | Citibank: Giving Alphabet a “buy” rating and target price of $168, first-quarter results beat market expectations
According to a report published by Citigroup Research, Google's parent company Alphabet's first-quarter results beat market expectations. The company recorded revenue of US$80.5 billion (excluding foreign exchange, up 16% year-on-year), which was about 2% higher than market expectations. Operating revenue was US$25.5 billion, which was about 15% higher than market expectations. GAAP earnings per share were US$1.89, which also exceeded market expectations of US$1.51. The bank's target price for the company was $168, giving it a “buy” rating. According to the report, the biggest concern is the increase in search business revenue. Due to improvements in the online advertising environment, search business revenue growth has accelerated by about 170 basis points
Gelonghui Finance18minutes ago
Alphabet CFO Underscores Google's $12B Capex Surge: 'Reflects Our Confidence In The Opportunities Offered By AI'
In the recent earnings call, Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) announced a significant increase in its capital expenditure, reflecting the company's strong financial performance and its commi
Benzinga00:19 ET
Express News | Intel : HSBC Cuts Target Price to $35 From $37
Reuters23:58 ET
Also “gambling” on AI, why did Meta plummet, but Microsoft and Google soar?
AI investment has begun to bring huge benefits to Google and Microsoft, but it is more like a heavy burden for Meta's performance, and AI has a long way to go to monetise.
wallstreetcn23:50 ET
Google Surges After Buying Back Billions of Dollars of Its Own Stock
Yahoo Finance23:36 ET
Intel CEO Pat Gelsinger Aims To Regain Lost Ground After Disappointing Results: 'The Road Map Is Healthy'
Intel Corporation (NASDAQ:INTC) CEO Pat Gelsinger expressed confidence in the company's future, despite a disappointing first-quarter performance.What Happened: Gelsinger, during the first quarter ear
Benzinga23:32 ET