What Are Wall Street Analysts' Target Price for Alphabet Stock?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
0mins
Source: NASDAQ.COM
Alphabet Inc. Performance: Alphabet Inc. (GOOG) has underperformed the broader market, gaining 22.1% over the past year compared to the S&P 500's 31.1% and facing challenges from regulatory pressures and competition in search advertising due to the rise of AI.
Analyst Ratings and Financial Outlook: Despite recent underperformance, GOOG reported strong Q3 results with revenue of $88.3 billion and an EPS increase of 36.8%, leading analysts to maintain a consensus "Strong Buy" rating, with price targets suggesting significant upside potential.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 369.350
Low
305.00
Averages
374.25
High
400.00
Current: 369.350
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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