Alphabet (GOOG) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last year. There are currently 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GOOG shares.
View GOOG analyst ratings or view top-rated stocks.

13 brokerages have issued 1-year price objectives for Alphabet's stock. Their GOOG share price forecasts range from $118.00 to $160.00. On average, they anticipate the company's share price to reach $130.94 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts price targets for GOOG or view top-rated stocks among Wall Street analysts.

Alphabet's stock was trading at $88.73 at the beginning of 2023. Since then, GOOG stock has increased by 48.6% and is now trading at $131.85.
View the best growth stocks for 2023 here.

Alphabet saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 33,800,000 shares, an increase of 8.6% from the August 31st total of 31,120,000 shares. Based on an average daily trading volume, of 22,020,000 shares, the short-interest ratio is presently 1.5 days.
View Alphabet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our GOOG earnings forecast.

Alphabet Inc. (NASDAQ:GOOG) issued its earnings results on Tuesday, July, 25th. The information services provider reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.12. The information services provider earned $74.60 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a trailing twelve-month return on equity of 23.49% and a net margin of 21.05%. The firm's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS.
Read the conference call transcript.

ETFs with the largest weight of Alphabet (NASDAQ:GOOG) stock in their portfolio include Communication Services Select Sector SPDR Fund (XLC), iShares Global Comm Services ETF (IXP), Fidelity MSCI Communication Services Index ETF (FCOM), Vanguard Communication Services ETF (VOX), American Customer Satisfaction ETF (ACSI), Invesco NASDAQ Internet ETF (PNQI), Motley Fool 100 Index ETF (TMFC) and ProShares Ultra Communication Services (LTL).

Alphabet shares split on the morning of Monday, July 18th 2022. The 20-1 split was announced on Tuesday, February 1st 2022. The newly issued shares were issued to shareholders after the closing bell on Friday, July 15th 2022. An investor that had 100 shares of stock prior to the split would have 2,000 shares after the split.

4,614 employees have rated Alphabet Chief Executive Officer Sundar Pichai on Glassdoor.com. Sundar Pichai has an approval rating of 94% among the company's employees. This puts Sundar Pichai in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alphabet investors own include Netflix (NFLX), NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Walt Disney (DIS), Visa (V), Intel (INTC), JPMorgan Chase & Co. (JPM), Salesforce (CRM) and Mastercard (MA).

Alphabet trades on the NASDAQ under the ticker symbol "GOOG."

Shares of GOOG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of GOOG stock can currently be purchased for approximately $131.85.

Alphabet (NASDAQ:GOOG) has a market capitalization of $1.66 trillion and generates $282.84 billion in revenue each year. The information services provider earns $59.97 billion in net income (profit) each year or $4.72 on an earnings per share basis.

The company employs 181,798 workers across the globe.

Alphabet's mailing address is 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA, 94043. The official website for the company is www.google.com. The information services provider can be reached via phone at (650) 253-0000 or via fax at 650-253-0001.