Google parent Alphabet (GOOGL) is scheduled to report second-quarter earnings after the bell Wednesday, with investors anticipating a sizable shift in the tech giant’s share price.
Current options pricing suggests traders anticipate Alphabet’s stock could move close to 6% or almost $11 in either direction from Tuesday’s close near $191 by the end of the week. A move of that scale would bring shares near $202 at the high end, not far from their record-high close in February, or leave them just under $181 at the low end. The stock has gained just 1% so far in 2025.
Alphabet’s stock has moved an average of 4.4% the day after earnings over the past four quarters. In April, shares rose a little over 2% a day after Alphabet’s first-quarter results surpassed Wall Street expectations and the company touted the growth of its AI Overviews search tool.
Analysts are largely bullish on the Google owner’s long-term outlook heading into the earnings report. Of the 19 analysts covering Alphabet that are tracked by Visible Alpha, 15 have a “buy” or equivalent rating for the stock, alongside four “hold” ratings. Their consensus price target near $201 implies roughly 5% upside over Tuesday’s close.
Beyond earnings, Wall Street is monitoring a potential judicial decision that could force Google to sell its Chrome browser as part of an antitrust case. Last year, Google was found to have maintained an illegal monopoly in online search, and a ruling on remedies is expected next month.