Overview: Alphabet Inc.$Alphabet(GOOG)$ , the parent company of Google, has consistently been a formidable player in the tech sector. My recent decision to increase my investment in GOOGL stock aligns with the optimistic outlook from Wall Street, despite some operational challenges faced by the company. Analyst Ratings and Price Targets: A notable aspect of my decision was influenced by the strong consensus among analysts. With an average of 45 one-year ratings suggesting a "Strong Buy," it is clear that there is a broad expectation of positive performance for Alphabet. The average share price target of $191.83 further underscores this sentiment, suggesting a robust growth potential from current levels. Operational Challenges: However
GOOG Hits New High! Is it Still a Buy After Surge?
Alphabet jumped 12% in extended trading after significantly beating estimates. EPS: $1.89, higher than estimates of $1.51 Revenues: $80.54 billion, exceeding expectations of $78.59 billion. The search giant also authorized its first ever dividend, as well as a $70 billion buyback. ---------------- Is it still a buy after the financial report surged? What's your target price for Alphabet?
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