Search results
Results from the WOW.Com Content Network
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.
Price Target: $235/Reiterated "Alphabet's Q4 report keeps the AI search bear case at bay but it was no match for an unexpected cloud miss and significantly raised capex outlook nearly 30% above ...
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.
Among the 68 analysts who follow Alphabet, the average 12-month price target is $203 per share. That forecast implies 24% upside from its current share price of $163.
Alphabet stock has been “beating earnings” all year long, and will try it again one more time on Tuesday. Analysts have set a low bar for the tech giant’s sales and earnings growth in Q4.