Bank of America Upgrades Google Stock Ahead of Earnings Amid Anthropic Stake Gains
Ahead of Alphabet's second-quarter earnings report on July 22, Bank of America upgraded its rating for the company to 'Buy' with a $430 price target. The firm raised its Q2 EPS estimate to $8.38 from the consensus of $2.90 due to an estimated $80 billion in unrealized gains from Alphabet's stake in Anthropic, which nearly tripled in valuation.
Topics: Alphabet Anthropic Bank of America Google stock valuation