Alphabet Inc. (GOOGL) Stock Forecast & Price Targets - Stock Analysis (2024)

FAQs

Alphabet Inc. (GOOGL) Stock Forecast & Price Targets - Stock Analysis? ›

Stock Price Forecast

The average price target for Alphabet Class A is $204.21. This is based on 37 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $240.00 ,the lowest forecast is $170.00. The average price target represents 35.10% Increase from the current price of $151.16.

Alphabet stock has received a consensus rating of buy. The average rating score is and is based on 83 buy ratings, 16 hold ratings, and 0 sell ratings. What was the 52-week low for Alphabet stock?

They also predict 9% ad revenue growth for 2024. The average price target for GOOG is $205.

Even if Alphabet is trading at 24 times forward earnings after five years, which is equivalent to its five-year average forward price-to-earnings ratio, its stock price could jump to $332 in five years.

The consensus among 36 Wall Street analysts covering (NASDAQ: GOOGL) stock is to Strong Buy GOOGL stock.

According to analysts, GOOG price target is 203.42 USD with a max estimate of 225.00 USD and a min estimate of 170.00 USD.

Investors would do well to buy Nvidia following its latest drop, as the bull case appears to be solid enough to warrant an investment.

Alphabet annual net income for 2023 was $73.795B, a 23.05% increase from 2022. Alphabet annual net income for 2022 was $59.972B, a 21.12% decline from 2021. Alphabet annual net income for 2021 was $76.033B, a 88.81% increase from 2020.

Should I buy Alphabet A or C shares? ›

GOOG shares are Class C shares that confer no voting rights. Because of their voting rights, A shares may trade at a premium to C shares; however, in reality, the prices of the two are often quite close to one another.

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Morgan Stanley, Norges Bank, and Price T Rowe Associates Inc /md/ .

AmerisourceBergen has 17.31% upside potential, based on the analysts' average price target. AmerisourceBergen has a consensus rating of Moderate Buy which is based on 5 buy ratings, 2 hold ratings and 0 sell ratings. The average price target for AmerisourceBergen is $211.14.

Healthy growth seems to be in the cards for the next three years. Alphabet finished 2023 with earnings of $5.80 per share. The following chart tells us that its bottom line could increase by 30% in 2024, which would be an acceleration over the 27% growth it recorded last year.

Alphabet Stock Forecast

The 37 analysts with 12-month price forecasts for Alphabet stock have an average target of 198.7, with a low estimate of 129 and a high estimate of 240. The average target predicts an increase of 28.45% from the current stock price of 154.69.

According to analysts, GOOG price target is 203.42 USD with a max estimate of 225.00 USD and a min estimate of 170.00 USD.

The $5,000 per share thesis is somewhat dependent on there not being an economic slowdown anytime soon – although given that many observers predict an economic boost from the recovery of the coronavirus crisis, this possibility remains unlikely.

The Alphabet stock split will be issued on July 15, 2022. Shareholders of Alphabet Inc voted to approve the stock split at the company's annual general meeting on June 1.

As of 2024-09-11, the Fair Value of Alphabet Inc (GOOGL) is 170.51 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 148.66 USD, the upside of Alphabet Inc is 14.7%.