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Alphabet (GOOGL) Stock Rises on AI Optimism and Strong Q1 Earnings
Alphabet (GOOGL) Stock Rises on AI Optimism and Strong Q1 Earnings
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Alphabet shares gained 2% in 24 hours and 7.6% weekly as analysts revised price targets upward following robust Q1 2025 results. The Google parent reported EPS of $2.81 on $90.2 billion revenue, surpassing Bloomberg consensus estimates of $2.01 EPS and $89.1 billion revenue.
Citi analysts raised their target to $200 from $195, citing AI-driven growth initiatives. The earnings beat represents a significant year-over-year improvement from $1.89 EPS and $80.5 billion revenue in Q1 2024.
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