5 Takeaways From Alphabet's Q2, Courtesy Of JPMorgan

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s investors are cheering the company's second quarter earnings print following a top and bottom line beat. Aside from the headline numbers, there is much to be admired in the company's earnings print and Doug Anmuth of JPMorgan discussed 5 key takeaways in a research note.

Related Link: Alphabet Shares Still Cheap; Victor Anthony Raises Target To $900

5 Takeaways

Bottom line, Anmuth stated that Alphabet's stock is still "attractive" at its current valuation of 24x his 2017 estimated GAAP earnings per share and 19x on his 2017 estimated non-GAAP earnings per share.

Shares remain Overweight rated with an unchanged $950 price target.

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