To predict the stock price of Alphabet (GOOG) for the next trading week, we analyze both technical indicators and recent news sentiment.
The current price of GOOG is $166.49, with a relative strength index (RSI) of 39.58, indicating the stock is in oversold territory. The MACD line is below the signal line, suggesting bearish momentum. However, the stock is approaching a strong support level at $160.70, which could act as a floor for the price.
Alphabet has shown strength in its cloud business and YouTube ad revenue, with a 31% year-over-year growth in cloud revenue. The company's investments in AI, including a $75 billion capex plan, position it well for future growth. However, the market has concerns about the return on such heavy investments.
Analysts maintain a positive outlook on GOOG, with a consensus price target of $217.88, indicating a potential upside of 31%. Recent ratings suggest confidence in Alphabet's long-term growth driven by AI and cloud initiatives.
GOOG's valuation metrics show a forward P/E of 22x, lower than its peers, suggesting it is undervalued given its growth prospects.
Based on the oversold RSI, strong support level, and positive analyst sentiment, GOOG is expected to rebound. The stock is likely to reach $172.50 in the next trading week. Buy GOOG as it approaches the support level, with a target of $172.50.
The price of GOOG is predicted to go up 9.14%, based on the high correlation periods with BBVA. The similarity of these two price pattern on the periods is 96.84%.
GOOG
BBVA
Year
GOOG Price Forecast($)
Potential Return(%)
2025
194.310
0.610
2026
240.000
39.360
2027
250.000
45.160
2028
300.000
74.200
2029
400.000
132.260
2030
300.000
74.200
As the number of online users and usage increase, so will digital ad spending, of which Google will remain one of the main beneficiaries.
Android's dominant global market share of smartphones leaves Google well positioned to continue dominating mobile search.
The significant cash generated from the Google search business allows Alphabet to remain focused on innovation and the long-term growth opportunities that new areas present.
Keybanc
2025-03-18
Price Target
$220 → $202
Upside
+24.18%
Needham
2025-02-05
Price Target
$225
Upside
+19.76%
Oppenheimer
2025-01-30
Price Target
$215 → $225
Upside
+11.04%