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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.
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.
News of Alphabet's AI-related plans was also a drag on the share price. Let's take a closer look at the internet search leader's Q4 results to see if this is a good time to buy the stock on the ...
Image source: Getty Images. Alphabet comes up short. Overall revenue rose 12% to $96.5 billion in Q4, slightly below analysts' consensus estimate of $96.67 billion.
In 2022, Alphabet was the company with the second-highest expenditure on research and development worldwide, with R&D expenditure amounting to US$39.5 billion. [68] In 2023, Alphabet was ranked 7th in the Global 2000 (World's Largest Public Companies). [69] On 26 April 2024, Alphabet surpassed a market valuation of $2 trillion for the first time.
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.
Based on the average of Wall Street analyst estimates, shares of Alphabet are trading at 22 times its full-year consensus EPS as a forward price-to-earnings (P/E) ratio.
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) moved higher today after the tech giant was named a top stock for 2025 by Barron's and seemed to benefit from broader market news.. As a result ...