NASDAQ:GOOG

Alphabet (GOOG) Stock Forecast, Price & News

$125.43

+1.08 (+0.87%)

(As of 05/26/2023 04:00 PM ET)

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Today's Range: $123.29
▼
$126.00
50-Day Range: $101.32
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$125.87
52-Week Range: $83.45
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$127.05

Volume: 25.17 million shs
Average Volume: 29.90 million shs
Market Capitalization: $1.59 trillion

P/E Ratio: 27.94
Dividend Yield: N/A
Price Target: $132.80

Alphabet MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.94 Rating Score
Upside/Downside: 5.9% Upside
$132.80 Price Target
Short Interest: Healthy
0.28% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.72
Upright™ Environmental Score
News Sentiment: 0.26
Based on 32 Articles This Week
Insider Trading: Selling Shares
$30.77 M Sold Last Quarter
Proj. Earnings Growth: 15.53%
From $5.41 to $6.25 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Computer And Technology Sector

324th out of 618 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

29th out of 61 stocks

1.5

Analyst's Opinion

Consensus Rating
Alphabet has received a consensus rating of Buy. The company's average rating score is 2.94, and is based on 16 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $132.80, Alphabet has a forecasted upside of 5.9% from its current price of $125.43.
Amount of Analyst Coverage
Alphabet has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.28% of the outstanding shares of Alphabet have been sold short.
Short Interest Ratio / Days to Cover
Alphabet has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Alphabet has recently increased by 2.89%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Alphabet does not currently pay a dividend.
Dividend Growth
Alphabet does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Alphabet has received a 26.01% net impact score from Upright. Alphabet (Google) seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Jobs". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Search engine services with advertisements", "Consumer data software", and "Cloud infrastructure services" products. See details.
Environmental Sustainability
The Environmental Impact score for Alphabet is -0.72.

2.4

News and Social Media Coverage

News Sentiment
Alphabet has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 32 news articles for Alphabet this week, compared to 29 articles on an average week.
Search Interest
226 people have searched for GOOG on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.
MarketBeat Follows
Only 77 people have added Alphabet to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alphabet insiders have sold 45.57% more of their company's stock than they have bought. Specifically, they have bought $21,135,371.00 in company stock and sold $30,767,259.00 in company stock.
Percentage Held by Insiders
12.99% of the stock of Alphabet is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 28.69% of the stock of Alphabet is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Alphabet are expected to grow by 15.53% in the coming year, from $5.41 to $6.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alphabet is 27.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alphabet is 27.94, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 271.50.
Price to Earnings Growth Ratio
Alphabet has a PEG Ratio of 1.60. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Alphabet has a P/B Ratio of 6.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Alphabet (NASDAQ:GOOG) Stock

Alphabet Inc. is a holding company formed in 2015 with the restructuring of Google. The move was made to allow the company more flexibility in its business pursuits and to create more transparency in the core Google business. Google, which began as a simple search engine, is now synonymous with the Internet, cloud, and services related to each. Today, Alphabet is the 3rd largest tech company globally and the G in FAANG.

Google began in 1996 as a research project into Internet search. Founders Lary Page and Sergey Brin thought there was a better way to search and rank web pages than simply counting the number of times a keyword was used. The original algorithm was called Page Rank and the system Back Rub but those monickers did not last long. The new system instead determined a page's relevance by analyzing the websites that linked back to it. The more websites with higher rankings linking back to the original site the better.

The original prototype of the Google search engine was launched in 1997. The name Google was chosen because it is a very large number and refers to a large amount of information a Google search can provide. If not for an investment Andy Bechtolsheim, co-founder of Sun Microsystems, the company may never have incorporated and become the behemoth it is today.

The company grew over the next few years, changed it headquarters to Palo Alto and then began selling ad space. It was he shift to an ad-based and supported model that provided the income and earnings to grow the company to its current size. Advertising still makes up more than 80% of the revenue. In 2000, the company became the default search engine for Yahoo! and then in 2004 Google went public.

At the time of the IPO, company founders and then-CEO Eric Schmidt agreed to work together for the next 20 years. While that did not come to pass, the trio helped get the company on its current path. In the time since the IPO, Google has not only grown to surpass 3 billion daily searches and 1 billion unique monthly active users it has also acquired other businesses to enhance that growth. The two most notable are the acquisition of Youtube (which is included in the ad-generated revenue) and Motorola. The addition of Motorola was strategic in many ways that include the acquisition of intellectual property and better positioning in patent and other disputes with other tech companies.

Alphabet now operates in 3 core segments providing Internet and Internet-based services globally. Those segments are Google Services, Google Cloud, and Other Bets. The Google Services business is the core Google business and includes search, ads, Google Home, and Youtube among others. The Google Cloud segment is a host of cloud-based services for businesses and individuals that include software suites, security, and cloud-based operations. The Other Bets segment includes a variety of applications and services that do not have a direct bearing on the core business and/or are immaterial to revenue on an individual basis.

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