Alphabet (GOOG) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last twelve months. There are currently 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GOOG shares.
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13 brokers have issued twelve-month target prices for Alphabet's stock. Their GOOG share price forecasts range from $118.00 to $160.00. On average, they predict the company's share price to reach $130.94 in the next year. This suggests that the stock has a possible downside of 0.2%.
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Alphabet's stock was trading at $88.73 at the beginning of the year. Since then, GOOG shares have increased by 47.9% and is now trading at $131.25.
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Alphabet saw a increase in short interest in August. As of August 31st, there was short interest totaling 31,120,000 shares, an increase of 9.3% from the August 15th total of 28,470,000 shares. Based on an average daily trading volume, of 22,960,000 shares, the days-to-cover ratio is presently 1.4 days.
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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) posted its quarterly earnings results on Tuesday, July, 25th. The information services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.32 by $0.12. The information services provider had revenue of $74.60 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 21.05% and a trailing twelve-month return on equity of 23.49%. The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 earnings per share.
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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).

Shares of Alphabet split on Monday, July 18th 2022. The 20-1 split was announced on Tuesday, February 1st 2022. The newly created shares were payable 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."

Alphabet's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.85%), Bank Julius Baer & Co. Ltd Zurich (1.58%), State Street Corp (1.51%), Geode Capital Management LLC (0.78%), JPMorgan Chase & Co. (0.68%) and Capital International Investors (0.64%). Insiders that own company stock include 2016 Gp LLC Gv, 2017 Gp LLC Gv, 2019 Gp LLC Gv, 2021 Gp LLC Gv, Aaron Boynton, Amie Thuener O'toole, Ann Mather, Brin Sergey, Capitalg 2014 Lp, Frances Arnold, John Kent Walker, John Kent Walker, John L Hennessy, John L Hennessy, Kavitark Ram Shriram, Lawrence Page, Philipp Schindler, Prabhakar Raghavan, Sergey Brin and Sundar Pichai.
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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.
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One share of GOOG stock can currently be purchased for approximately $131.25.

Alphabet (NASDAQ:GOOG) has a market capitalization of $1.65 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.