Alphabet, the parent company of tech giant Google, is due to release the earnings report for the second quarter after market close today. The stock market predicts a significant change in the company's stock price. Current trading data indicate expectations of about a 6% movement, or nearly $11 up or down from its recent closing value of around $191. If this prediction holds true, the stock might touch nearly $202, aligning with its record-high earlier this year, or it could decrease to below $181. So far in 2025, the stock has seen a rise of about 1%.
Over the past four quarters, Alphabet's shares have swayed an average of 4.4% the day following the earnings announcement. After this year's first quarter results exceeded forecasts and Google spotlighted its AI Overviews search tool, the stock rose slightly over 2%.
Among the 19 analysts that track Alphabet through Visible Alpha, the majority (15 out of 19) hold a "buy" or equivalent rating, with the remaining four suggesting a "hold". Their average price target hovers around $201, indicating approximately a 5% potential increase over the last closing value.
Apart from earnings, Wall Street is closely watching a forthcoming judicial ruling that might compel Google to sell its Chrome browser owing to an antitrust lawsuit. A judgment regarding this is anticipated in the following month. This follows the company's indictment last year for maintaining an illegitimate monopoly in online search.