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Dix's is the lowest at $700. Alphabet shares have gained 6.5 percent this year, closing on Tuesday at $828.55. Heading into its third-quarter earnings report on Thursday, Alphabet's stock market capitalization of $562 billion trails only Apple among the world's most valuable companies. Once at risk of losing ground in the transition from web to mobile, Google has solidified its digital dominance through the Android operating system, growth of YouTube and investments in smartphone apps for maps, e-mail and photo storage. Revenue probably climbed 18 percent to $22.05 billion in the period from $18.7 billion a year earlier, according to the average estimate in a Thomson Reuters survey. Earnings, excluding some items, likely increased to $8.63 a share from $7.35. Alphabet price targets Alphabet's quarterly reports offer a regular reminder of what drives the Mountain View, California-based company. While Google has held recent events promoting its cloud-computing platform , which competes with Amazon Web Service, and a new home-assistant device that's out to take on the Amazon Echo, advertising is still what matters for the company's financials. Google's own websites have benefited from an increase in the number of text ads shown on mobile to three from two, and the company has even been testing searches with four ads on top. Ads within maps are contributing to growth, and Google has gotten a boost this year from the Olympics and U.S. elections.
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