Alphabet Inc.'s Stock Rebounds on Robust Growth and Bullish Analyst Views

Alphabet Inc.'s (GOOGL.US) stock price rebounded on September 24, closing at $342.36 after touching an intraday low of $336.02.

This recovery came after a 3.80% pullback on September 23, which reversed from the September 22 swing high of $364.17.

The company's top-line growth has been robust, with Q2 revenue increasing by 24% year-over-year and Google Services revenue expanding by 15%. Additionally, Google Cloud revenue surged by 82%, while cloud operating income more than tripled.

Analysts are bullish on the stock, with firms like Tigress raising their price target to $485 and a FactSet consensus mean target sitting at $426.58.