Deutsche Bank analyst Ross Sandler reiterates a Buy rating for Alphabet Inc (NASDAQ:GOOGL) after addressing investor fears ahead of Q2 results.

The analyst believes that investor concerns are overblown. He expects an in-line Q2 earnings report with positive sentiment from Alphabet management.

The analyst notes, “Google investor sentiment has soured meaningfully since the last print, and at 17.5x 2017 GAAP EPS (vs. large-cap peers at 23x), we think shares are poised for a period of outperformance looking at 2H16.”

Consensus revenue estimates put earnings at $15 billion for Q2, and the analyst believes that his revenue estimate of $15.1 billion is reasonable.

According to TipRanks, Ross Sandler is rated #204 of 4,055 analysts. He maintains a success rate of 62% and realizes an average return of 8.4%.