Here’s what Wall Street analysts are saying about Alphabet’s earnings report

Sundar Pichai, CEO of Google

(This story is for CNBC Pro subscribers only). 

Shares of Google-parent Alphabet were under pressure on Friday following the tech giant's latest earnings report, but Wall Street analysts were largely positive on the results, which beat expectations. 

The company reported $38.3 billion in revenue for the quarter, the first quarterly decline in the company's history but still above an expected $37.4 billion, according to Refinitiv. Shares dropped more than 3% during Friday's session even after several top analysts raised their price targets. 

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