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Shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), known for its Google subsidiary, are up an impressive 34% in the past year and currently trading just a few points from their all-time high.
Among the 66 analysts covering Alphabet, the median 12-month price target for the stock is $210. That's 24% higher than its price as of this writing. Here's what investors need to know.
Alphabet (GOOG, GOOGL) CEO Sundar Pichai recently said it faces several challenges in 2022 related to the global economy. Wall Street currently has an average target price of $3,296.58, 48% higher ...
Here's why Alphabet bulls should probably stay the course with its stock. The state of Alphabet's AI The market's reaction to Alphabet stock is a bit of an enigma.
Data source: Alphabet Inc. Chart by author. Companywide, earnings barely beat expectations of $2.13 per share, while revenue was a few million bucks shy of the $96.56 billion analysts were modeling.
After the drawdown, Alphabet stock now trades at a price-to-earnings ratio (P/E) of 23.5. This is well below the S&P 500 of 30. Alphabet can grow EPS at a faster rate than the index.
Alphabet has a P/E ratio of 26.8, whereas no other Mag Seven stock has a valuation below 30. On a forward basis, Alphabet's forward P/E ratio is just 22.5. GOOG PE Ratio Chart
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is under scrutiny for wielding too much market power. *Stock prices used were the afternoon prices of Oct. 7, 2024. The video was published on Oct. 9, 2024.