Alphabet Inc. (NASDAQ:GOOGL) reported better-than-expected second-quarter results.
Alphabet said second-quarter revenue increased 7% year-over-year to $74.604 billion, which beat the consensus estimate of $65.42 billion. The company reported quarterly earnings of $1.44 per share, which beat analyst estimates of $1.20 per share.
Alphabet shares jumped 6.5% to $130.10 in pre-market trading.
These analysts made changes to their price targets on Alphabet following earnings announcement.
- Needham raised the price target on Alphabet from $115 to $140 Needham analyst Laura Martin maintained a Buy rating.
- Keybanc boosted the price target on Alphabet from $140 to $145. Keybanc analyst Justin Patterson maintained an Overweight rating.
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