Alphabet - GOOG Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last twelve months. There are currently 1 hold rating and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GOOG shares.
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17 Wall Street analysts have issued 1-year target prices for Alphabet's shares. Their GOOG share price forecasts range from $115.00 to $183.50. On average, they anticipate the company's share price to reach $136.22 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price.
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Alphabet's stock was trading at $88.73 at the beginning of the year. Since then, GOOG stock has increased by 22.6% and is now trading at $108.80.
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Alphabet saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 28,860,000 shares, a decrease of 9.3% from the December 31st total of 31,820,000 shares. Based on an average daily trading volume, of 27,650,000 shares, the days-to-cover ratio is currently 1.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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Alphabet Inc. (NASDAQ:GOOG) released its quarterly earnings data on Monday, October, 25th. The information services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.24. The information services provider earned $65.12 billion during the quarter, compared to the consensus estimate of $63.35 billion. Alphabet had a net margin of 23.75% and a trailing twelve-month return on equity of 26.41%. The company's revenue for the quarter was up 41.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS.
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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 distributed 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 a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.14%), Baillie Gifford & Co. (0.09%), New York State Common Retirement Fund (0.08%), Sustainable Growth Advisers LP (0.05%), New York State Teachers Retirement System (0.05%) and ProShare Advisors LLC (0.03%). 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, Capitalg 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 $108.80.

Alphabet (NASDAQ:GOOG) has a market capitalization of $1.41 trillion and generates $257.64 billion in revenue each year. The information services provider earns $76.03 billion in net income (profit) each year or $5.0355 on an earnings per share basis.

The company employs 156,500 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.