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<Research> Citi: Alphabet Inc. (GOOGL.US) 1Q Results Beat; Search, Cloud Revenue Growth Accelerates; TP USD405
Citi published a research report stating that Alphabet Inc. (GOOGL.US) delivered better-than-expected results for 1Q, mainly driven by growth in Search and Cloud revenue. Total rev...
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<Research> Citi: Alphabet Inc. (GOOGL.US) 1Q Results Beat; Search, Cloud Revenue Growth Accelerates; TP USD405
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Citi published a research report stating that Alphabet Inc. (GOOGL.US)      delivered better-than-expected results for 1Q, mainly driven by growth in Search and Cloud revenue. Total revenue for the period reached USD109.9 billion, up 19% YoY and about 3% above market consensus. Search and other revenue amounted to USD60.4 billion, up 19.1% YoY and around 2% above consensus. Google Cloud revenue reached USD20 billion, up 63.4% YoY and about 11% above consensus, with growth accelerating further from 48% in 4Q.

Citi believes the market will focus on the following areas: 1) progress of Gemini integration across services; 2) demand for search advertising; 3) Google Cloud demand driven by artificial intelligence and the integration of Wiz; 4) whether capital expenditure remains concentrated in 2HYY; and 5) operating margin improvement from productivity gains and artificial intelligence leverage.

Related News Citi Raises General Motors Company (GM.US) TP to USD108; 1Q26 Results Beat
The broker maintained a Buy rating on Alphabet Inc. with a TP of USD405, implying a forecast 2027 price-to-earnings ratio of about 29x. (ec/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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