Alphabet Inc (NASDAQ:GOOG) second-quarter earnings received a positive outlook from Goldman Sachs, highlighting growth potential and margin improvement opportunities. Key highlights include Search surpassing consensus estimates, cloud revenue growth driven by AI-related revenues, and potential challenges for YouTube.
Goldman Sachs noted management’s optimism regarding the evolution of the Search product, broader digital media consumption trends, and generative AI. The bank reiterated a buy rating with a target price of US$217, emphasizing Alphabet’s position in the enterprise computing landscape.
Overall, the Google owner remains a favorable investment opportunity according to Goldman Sachs, reflecting confidence in Alphabet’s future growth prospects.
