Alphabet Inc. (GOOG:NSD) Analysts Bullish with a Strong Buy, $145 target

STA Research
by: STA Research
GOOG stock price

GOOG Stock Price Analysis:

Based on the Alphabet stock forecast from 17 analysts, the average analyst target price for Alphabet stock is USD 145.07 over the next 12 months. Alphabet stock has an average analyst rating of Strong Buy. Stock Target Advisor’s own stock analysis of Alphabet price is Slightly Bullish , which is based on 9 positive signals and 4 negative signals. At the last closing, Alphabet stock price was USD 111.87Alphabet stock price has changed by +2.94% over the past week, -8.79% over the past month and -21.17% over the last year.

 

About Alphabet Inc Class C (GOOG:NSD)

Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments.

The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services.

The Google Cloud segment offers infrastructure, platform, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers.

The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.

 

Most Recent Analyst Ratings for GOOG’s stock:

 

 

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low volatility

GOOG stock price’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

GOOG stock price has shown top quartile earnings growth in the previous 5 years compared to its sector.

 

What we don’t like:

Overpriced compared to earnings

GOOG stock price is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

GOOG stock price is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

GOOG stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis

GOOG stock price is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Disclaimer

Stock Target Advisor is not a broker/dealer, investment advisor, or platform for making stock buying or selling decisions. Our goal is to democratize and simplify financial information through automated analysis, aggregation of stock information, and education to help investors with their research. No content on our site, blogs or newsletters constitutes – or should be understood as constituting – a recommendation to enter into any securities transactions or to engage in any of the investment strategies presented in our site content. We also cannot guarantee the accuracy of any information presented on our site and in our analysis.

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