Google Parent Alphabet to Release Q4 Results
Key Insights:
* Alphabet, parent company of Google, announces its fourth-quarter earnings after Tuesday's market close.
* Analysts are optimistic about Alphabet's stock performance.
* Investors anticipate revenue and profit growth for the tech behemoth.
* Alphabet's AI plans come under scrutiny amidst concerns raised by DeepSeek's AI advancements.
Expectations:
* Consensus revenue projections stand at $96.6 billion, a 12% year-over-year increase.
* Earnings per share are estimated at $2.12, a rise from the previous year's $1.64.
* Jefferies maintains a "buy" rating with a $235 price target, highlighting improved fundamentals and increasing demand for Google Cloud.
AI Focus:
* DeepSeek's cost-effective AI model prompts scrutiny of Alphabet's AI spending.
* Bank of America analysts view Meta's strong AI commitment as a favorable sign for Alphabet.
* Raymond James and Bank of America suggest DeepSeek's progress may accelerate Alphabet's AI advancements.
Stock Performance:
* Alphabet shares have surged approximately 43% over the past year, closing at $204.02 on Friday.