Alphabet Set to Report Q4 Earnings with Key AI Developments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy GOOG?
Source: Newsfilter
- Earnings Expectations: Alphabet is expected to report Q4 earnings with an EPS of $2.63 and revenue of $111.43 billion, with analysts keenly observing these figures to gauge the company's market performance, especially after a 70% stock price increase over the past six months.
- AI Partnership Highlights: Google has partnered with Apple to revamp Siri using Gemini AI models, leveraging Apple's 2.5 billion active devices, which is poised to significantly enhance Google's market share and influence in the AI sector.
- Waymo Progress: Alphabet's driverless car unit, Waymo, has launched robotaxi services in three major U.S. cities, marking a significant milestone in autonomous driving, while recently raising $16 billion in funding, valuing the company at $126 billion.
- AI Infrastructure Expansion: Google's AI infrastructure chief stated that the company must double its serving capacity every six months to meet the surging demand for AI services, highlighting the immense market pressure and opportunities Alphabet faces in the competitive AI infrastructure landscape.
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Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOG is 336.08 USD with a low forecast of 255.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 340.700
Low
255.00
Averages
336.08
High
400.00
Current: 340.700
Low
255.00
Averages
336.08
High
400.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- AI Partnership Highlights: Google has partnered with Apple to revamp Siri using Gemini AI models, leveraging Apple's 2.5 billion active devices, which is poised to significantly enhance Google's market share and influence in the AI sector.
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- Earnings Expectations: Google is projected to report Q4 earnings of $2.63 per share and revenue of $111.43 billion, with analysts closely watching Google Cloud and YouTube ad revenues at $16.18 billion and $11.84 billion respectively, which could significantly impact stock performance.
- AI Competitive Edge: Google's agreement with Apple to enhance Siri using Gemini AI models, supported by Apple's 2.5 billion active devices, is expected to substantially boost Google's market share and competitive position in the AI sector.
- Autonomous Driving Milestone: Waymo, Google's driverless car unit, has begun operating robotaxi services in three major U.S. cities, marking a significant advancement in autonomous driving that is anticipated to drive future revenue growth.
- Data Center Acquisition: Google’s acquisition of data center company Intersect for $4.75 billion underscores its commitment to enhancing AI infrastructure capabilities, reflecting a strategic move to meet the increasing demand in the competitive AI landscape.
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- AI Partnership Highlights: Google has partnered with Apple to revamp Siri using Gemini AI models, leveraging Apple's 2.5 billion active devices, which is poised to significantly enhance Google's market share and influence in the AI sector.
- Waymo Progress: Alphabet's driverless car unit, Waymo, has launched robotaxi services in three major U.S. cities, marking a significant milestone in autonomous driving, while recently raising $16 billion in funding, valuing the company at $126 billion.
- AI Infrastructure Expansion: Google's AI infrastructure chief stated that the company must double its serving capacity every six months to meet the surging demand for AI services, highlighting the immense market pressure and opportunities Alphabet faces in the competitive AI infrastructure landscape.
See More
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- Competitor Dynamics: OpenAI's plans to test ads in its ChatGPT product may negatively impact user experience, and Anthropic's ad-free promise could attract users dissatisfied with ads, potentially expanding its market share.
- New Ad Launch: Ahead of the Super Bowl, Anthropic released a series of new ads that poke fun at OpenAI, showcasing its brand personality and increasing market awareness, which could positively impact user growth.
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