Alphabet's stock surged after strong earnings and a buy recommendation from J.P. Morgan.

Alphabet's shares rose by up to 3.4% on January 5, buoyed by a positive note from J.P. Morgan analyst Doug Anmuth, who maintained a buy rating. The company reported a strong quarter with earnings of $2.12 per share, beating estimates, and revenue of $88.27 billion. Alphabet also declared a quarterly dividend of $0.20 per share. Institutional investors continued to increase their holdings in the company, and analysts have a consensus "Moderate Buy" rating.

2 months ago
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