Zacks Upgrades Alphabet to #1 Strong Buy on Surging EPS Estimates

Alphabet shares received a Zacks Rank #1 Strong Buy upgrade on July 13 after earnings estimates rose sharply. The move follows a technical recovery that held the 100-day moving average near $340 and the July 9 low of $348.66. Consensus now projects current-quarter EPS of $2.86 (+23.8% y/y) and full-year EPS of $14.32 (+32.5% y/y), with revenue seen at $101.22 billion this quarter. GOOG has lagged the S&P 500 by 5.2 points over the past month but shows four straight quarters of positive surprises. A breakout above $373.60 would confirm the end of the correction and resumption of the bullish trend.