Shares of Alphabet Inc. (GOOGL), the parent company of Google, have been given a “Strong Buy” consensus recommendation by forty-four brokerages, according to STA Research. Among these analysts, four have recommended holding the GOOGL stock, thirty-one have given a buy recommendation, and one has given a strong buy recommendation. The average one-year target price, based on analysts’ updated coverage, is $130.06.
Recently, several analysts expressed their views on GOOGL stock. Sanford C. Bernstein reduced their price target on Alphabet from $130.00 to $125.00 while maintaining an “outperform” rating in a research note on Thursday, April 20th. Loop Capital downgraded GOOGL from a “buy” rating to a “hold” with target price of $125.00. UBS Group raised Alphabet’s target price from $120.00 to $123.00 and provided a “buy” rating in a research note on Thursday, April 6th. Furthermore, JMP Securities reaffirmed a “market outperform” rating and set a target price of $132.00 for Alphabet shares in a research note on Thursday, March 16th.
GOOGL Stock Growth
GOOGL stock opened at $116.51. The stock’s 50-day moving average stands at $104.14, while its 200-day moving average is $97.43. With a market capitalization of $1.48 trillion, Alphabet has a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.35, and a beta of 1.10. The company maintains a current ratio of 2.35, a quick ratio of 2.32, and a debt-to-equity ratio of 0.05. Over the past year, GOOGL stock has fluctuated between a low of $83.34 and a high of $122.43.
Alphabet reported its earnings results on Tuesday, April 25th, with earnings per share (EPS) of $1.17 for the quarter. This surpassed analysts’ consensus estimate of $1.06 by $0.11. The quarter’s revenue amounted to $69.79 billion, surpassing the consensus estimate of $57.19 billion. In the same quarter of the previous year, Alphabet had earned $1.23 EPS. Analysts on the sell-side project that Alphabet will post an EPS of 5.39 for the current year.
GOOG vs GOOGL Stock
When considering GOOG vs GOOGL stock, it is important to note that GOOG and GOOGL represent different share classes of Alphabet. GOOG shares have no voting rights, while GOOGL shares have one vote per share. Investors should carefully evaluate their preferences and objectives before deciding which class to buy.
Looking ahead to the future, analysts have made various GOOGL stock forecasts. While no specific forecast for 2025 was mentioned in the provided information, it’s important for investors to keep an eye on long-term projections to make informed decisions. Additionally, investors should consider the GOOGL stock price target provided by analysts, which currently stands at an average of $130.06 for the next year.
As for dividends, it’s worth noting that Alphabet does not currently pay a dividend. The company has chosen to reinvest its earnings back into the business to drive growth and innovation.
In terms of GOOGL stock prediction, it is important to remember that stock prices are subject to market volatility and various factors can influence them. Analyst recommendations and forecasts can provide valuable insights, but investors should conduct their own research and consider multiple perspectives before making investment decisions.
GOOGL Stock Analysis & Forecast
According to a forecast by 34 analysts, the average target price for Alphabet Inc Class A stock is projected to be USD 133.65 within the next 12 months. Analysts have given Alphabet Inc Class A an average rating of “Strong Buy.” Stock Target Advisor’s independent stock analysis of Alphabet Inc Class A indicates a bullish outlook, supported by 9 positive signals and 3 negative signals.
As of the last closing, Alphabet Inc Class A’s stock price stood at USD 116.51. Over the past week, the stock price has experienced a positive change of +8.11%. Similarly, over the past month, the stock price has risen by +7.02%. Looking back over the last year, Alphabet Inc Class A’s stock price has increased by +0.40%.