(News Bulletin 247) – Bank of America renewed its buy recommendation and its target price of 125 dollars on Friday before the publication, on Tuesday, of the first quarter results of the American technology group.
In a research note, the analyst says he expects online revenue from the Internet giant to be even better than expected, with a possible upside surprise at the level of earnings per share (EPS) .
BofA stresses, however, that it is especially advances in artificial intelligence that should interest investors, which could lead to announcements about the integration of the technology into its search engine, but also about its costs and its impact. at the income level.
For the design office, Google remains a ‘defensive’ value in the sector, and its job cuts and cost reductions could boost profit margins in the second half, he concludes.
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