Alphabet's AI Initiatives, Strong Ad Performance Fuel Optimism: Analyst
1. Analyst raised GOOG price target from $195 to $215. 2. GOOG expected solid Q2 revenue of $94.6 billion, driven by Search and YouTube. 3. Positive ad industry outlook reflects stable macro environment and expense efficiencies. 4. EPS estimates for 2025 and 2026 increased by 1% and 2%, respectively. 5. AI initiatives and talent acquisition enhance GOOG's market position.