Google's stock price rose by more than 1%, Earnings Are Imminent, These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Alphabet Inc. (NASDAQ: GOOGL) is set to announce its Q3 earnings on Oct. 29, with expectations of $2.32 per share, up from $2.12 last year, and revenue forecasted at $99.64 billion, compared to $88.27 billion a year prior. Analysts have revised their ratings, with Stifel's Mark Kelley raising the price target to $292, while B of A's Justin Post increased it to $280. Alphabet shares fell 0.7% to $267.47 on Tuesday.
Alphabet Inc. (NASDAQ:GOOGL) will release earnings results for the third quarter, after the closing bell on Wednesday, Oct. 29.
Analysts expect the Mountain View, California-based company to report quarterly earnings at $2.32 per share, up from $2.12 per share in the year-ago period. The consensus estimate for Alphabet's quarterly revenue is $99.64 billion, compared to $88.27 billion a year earlier, according to data from Benzinga Pro.
Anthropic, last week said it will expand its use of Google Cloud technologies, including up to 1 million TPUs. The expansion is valued in the tens of billions of dollars and is expected to bring more than a gigawatt of capacity online in 2026.
Alphabet shares fell 0.7% to close at $267.47 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Stifel analyst Mark Kelley maintained a Buy rating and raised the price target from $222 to $292 on Oct. 24, 2025. This analyst has an accuracy rate of 84%.
- Bernstein analyst Mark Shmulik maintained a Market Perform rating and increased the price target from $210 to $260 on Oct. 23, 2025. This analyst has an accuracy rate of 76%.
- JMP Securities analyst Andrew Boone reiterated a Market Outperform rating with a price target of $290 on Oct. 22, 2025. This analyst has an accuracy rate of 76%.
- B of A Securities analyst Justin Post maintained a Buy rating and raised the price target from $252 to $280 on Oct. 20, 2025. This analyst has an accuracy rate of 85%.
- Guggenheim analyst Michael Morris maintained a Buy rating and increased the price target from $210 to $280 on Oct. 17, 2025. This analyst has an accuracy rate of 78%.
Considering buying GOOGL stock? Here’s what analysts think:
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