NASDAQ:GOOG

Alphabet (GOOG) Stock Forecast, Price & News

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Today's Range: N/A
50-Day Range: $101.32
▼
$125.87
52-Week Range: N/A

Volume: 25.00 million shs
Average Volume: 29.94 million shs
Market Capitalization: $1.58 trillion

P/E Ratio: 27.55
Dividend Yield: N/A
Price Target: $132.80

Alphabet MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.94 Rating Score
Upside/Downside: 6.8% 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: 0.00
Based on 19 Articles This Week
Insider Trading: Selling Shares
$30.80 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.

2.08 out of 5 stars

Computer And Technology Sector

703rd out of 1,226 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

59th out of 120 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 6.8% from its current price of $124.37.
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.

1.7

News and Social Media Coverage

News Sentiment
Alphabet has a news sentiment score of 0.00. 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 0.48 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for Alphabet this week, compared to 28 articles on an average week.
Search Interest
233 people have searched for GOOG on MarketBeat in the last 30 days. This is an increase of 23% compared to the previous 30 days.
MarketBeat Follows
Only 71 people have added Alphabet to their MarketBeat watchlist in the last 30 days. This is a decrease of -22% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alphabet insiders have sold 45.71% more of their company's stock than they have bought. Specifically, they have bought $21,135,371.00 in company stock and sold $30,796,954.00 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 27.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alphabet is 27.70, 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 308.44.
Price to Earnings Growth Ratio
Alphabet has a PEG Ratio of 1.59. 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 6.05. 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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GOOG Stock News Headlines

June 1, 2023 | marketbeat.com

Is CXApp Inc.an AI Contender or Pretender? (GOOG)

CXApp Inc. (NASDAQ: CXAI) shares have been caught up in the artificial intelligence (AI) mania. On no news, its shares spiked to $21 on April 23, 2023, and have

May 31, 2023 | marketbeat.com

UiPath Stock Has Short-Term Pain for Long-Term AI Gain (GOOG)

UiPath Inc. shares took an initial dive on its fiscal Q1 2024 earnings release. The culprit was lowered fiscal Q2 2024 revenue guidance that spooked investors

June 1, 2023 | Edge On The Street (Ad)

AI Getting Close to Thinking Like Humans

Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.

May 23, 2023 | marketbeat.com

Can IonQ Be the Leader in Quantum Computing as a Service? (GOOG)

Quantum computing has become more of a reality. The growth of artificial intelligence (AI) applications continues to drive the sector.

May 23, 2023 | marketbeat.com

C3.ai Executes a Rope-a-Dope Attack on Sleeping Bears (GOOG)

Enterprise artificial intelligence (AI) software provider C3.ai Inc. (NASDAQ: AI) surprised investors by raising its fiscal Q4 2023 earnings two weeks before

May 22, 2023 | marketbeat.com

Don’t Get Burned By The AI Boom (GOOG)

AI is booming and sustaining business for tech companies, but investors should not expect another period of wild growth: AI is the natural evolution of tech.

May 16, 2023 | marketbeat.com

As China Wakes Up, Baidu Gets Noticed (GOOG)

Baidu has just reported its first quarter 2023 earnings, posting double-digit growth across the board. Economic indicators, analyst targets point to a new rally

May 9, 2023 | marketbeat.com

Will ChatGPT Be the Final Nail in the Coffin for Chegg? (GOOG)

Personalized online student learning platform provider Chegg Inc. (NYSE: CHGG) shares were crushed as it warned that growing ChatGPT usage was hurting its b

June 1, 2023 | Edge On The Street (Ad)

AI Getting Close to Thinking Like Humans

May 9, 2023 | marketbeat.com

Snap Proves More DAUs Don’t Mean More Revenues (GOOG)

Video messaging media company Snap Inc. (NYSE: SNAP) stock was punished with a (27%) haircut after releasing its Q 2023 earnings report.

May 8, 2023 | marketbeat.com

Is the Market Reacting Too Negatively to Pinterest Earnings? (GOOG)

Social commerce platform Pinterest Inc. (NASDAQ: PINS) stock collapsed (25%) after its Q1 2023 earnings report. Shares have fallen (8.2%) for the year.

June 1, 2023 | msn.com

Can Alphabet stock now trump Microsoft shares?

June 1, 2023 | theglobeandmail.com

AI Is the Biggest Threat to Google (and Alphabet) Right Now, not Its Biggest Catalyst

June 1, 2023 | finance.yahoo.com

Business May Be Slowing, but Earnings Management Is Rising

June 1, 2023 | finance.yahoo.com

Google leads funding round for Indian space startup Pixxel

May 31, 2023 | finance.yahoo.com

Alphabet (GOOGL) Stock Moves -0.56%: What You Should Know

May 31, 2023 | finance.yahoo.com

Nvidia crosses $1 trillion cap: How long can it ride AI hype?

May 31, 2023 | uk.news.yahoo.com

If I’d invested £500 in Alphabet stock last June, here’s what I’d have now

May 29, 2023 | americanbankingnews.com

Insider Selling: Alphabet Inc. (NASDAQ:GOOG) Major Shareholder Sells $107,914.00 in Stock

May 27, 2023 | msn.com

Alphabet's Secret Weapon in the Artificial Intelligence Race

May 27, 2023 | americanbankingnews.com

Financial Review: Alphabet (NASDAQ:GOOG) & Tremor International (NASDAQ:TRMR)

May 26, 2023 | bloomberg.com

UK’s Sunak Discusses AI ‘Guardrails’ With Alphabet’s Pichai

May 26, 2023 | benzinga.com

Is Alphabet (Google) Headed To $150?: A Technical Analysis

May 25, 2023 | thestreet.com

Google Will No Longer Exist -- Say Hello to Alphabet

May 25, 2023 | msn.com

Up 40% This Year, Is There Still Time to Buy Alphabet Stock?

May 25, 2023 | americanbankingnews.com

Alphabet Inc. (NASDAQ:GOOG) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

May 24, 2023 | finance.yahoo.com

Google 'sail' tower makes waves in Austin

See More Headlines

GOOG Company Calendar

Last Earnings: 4/25/2023
Today: 6/01/2023
Next Earnings (Estimated): 7/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer programming, data processing, & other computer related
Sub-Industry: Advertising
Sector: Computer and Technology
Current Symbol: NASDAQ:GOOG
CUSIP: N/A
CIK: 1652044
Web: www.google.com
Phone: (650) 253-0000
Fax: 650-253-0001
Employees: 156,500
Year Founded: 2015

Price Target and Rating

Average Stock Price Forecast: $132.80
High Stock Price Forecast: $155.50
Low Stock Price Forecast: $118.00
Forecasted Upside/Downside: +6.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.94
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.49
Trailing P/E Ratio: 27.70
Forward P/E Ratio: 22.99
P/E Growth: 1.59
Net Income: $59.97 billion
Net Margins: 20.58%
Pretax Margin: 24.81%
Return on Equity: 22.84%
Return on Assets: 16.18%

Debt

Debt-to-Equity Ratio: 0.05
Current Ratio: 2.35
Quick Ratio: 2.32

Sales & Book Value

Annual Sales: $282.84 billion
Price / Sales: 5.58
Cash Flow: $5.91 per share
Price / Cash Flow: 21.03
Book Value: $20.55 per share
Price / Book: 6.05

Miscellaneous

Outstanding Shares: 12,697,000,000
Free Float: 11,047,660,000
Market Cap: $1.58 trillion
Optionable: Optionable
Beta: 1.10

Social Links

Key Executives

Sundar Pichai
Chief Executive Officer & Director

Ruth M. Porat
Chief Financial Officer & Senior Vice President

Amie Thuener O'Toole
Chief Accounting Officer & Vice President

Cory R. Ondrejka
Vice President

Juan Rajlin
Treasurer & Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GOOG Stock - Frequently Asked Questions

Should I buy or sell Alphabet stock right now?: 17 Wall Street research 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 research analysts is that investors should "buy" GOOG shares.
View GOOG analyst ratings or view top-rated stocks.
What is Alphabet's stock price forecast for 2023?: 17 Wall Street analysts have issued 1-year price objectives for Alphabet's stock. Their GOOG share price forecasts range from $118.00 to $155.50. On average, they anticipate the company's share price to reach $132.80 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price.
View analysts price targets for GOOG or view top-rated stocks among Wall Street analysts.
How have GOOG shares performed in 2023?: Alphabet's stock was trading at $88.73 on January 1st, 2023. Since then, GOOG shares have increased by 40.2% and is now trading at $124.37.
View the best growth stocks for 2023 here.
When is Alphabet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our GOOG earnings forecast.
How were Alphabet's earnings last quarter?: Alphabet Inc. (NASDAQ:GOOG) released its quarterly earnings data on Tuesday, April, 25th. The information services provider reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. The information services provider had revenue of $69.79 billion for the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a net margin of 20.58% and a trailing twelve-month return on equity of 22.84%. The firm's revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share.
Read the conference call transcript.
What ETFs hold Alphabet's stock?: ETFs with the largest weight of Alphabet (NASDAQ:GOOG) stock in their portfolio include Fidelity MSCI Communication Services Index ETF (FCOM), iShares Global Comm Services ETF (IXP), Communication Services Select Sector SPDR Fund (XLC), Vanguard Communication Services ETF (VOX), Invesco NASDAQ Internet ETF (PNQI), ProShares Ultra Communication Services (LTL), Motley Fool 100 Index ETF (TMFC) and T. Rowe Price Blue Chip Growth ETF (TCHP).
When did Alphabet's stock split?: Shares of Alphabet split on the morning of Monday, July 18th 2022. The 20-1 split was announced on Tuesday, February 1st 2022. The newly minted 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.
What is Sundar Pichai's approval rating as Alphabet's CEO?: 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.

What other stocks do shareholders of Alphabet own?: 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).
What is Alphabet's stock symbol?: Alphabet trades on the NASDAQ under the ticker symbol "GOOG."
Who are Alphabet's major shareholders?: Alphabet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.88%), State Street Corp (1.51%), Price T Rowe Associates Inc. MD (0.96%), FMR LLC (0.83%), Geode Capital Management LLC (0.77%) and JPMorgan Chase & Co. (0.56%). 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.
View institutional ownership trends.
How do I buy shares of Alphabet?: 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.
What is Alphabet's stock price today?: One share of GOOG stock can currently be purchased for approximately $124.37.
How much money does Alphabet make?: Alphabet (NASDAQ:GOOG) has a market capitalization of $1.58 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 $4.49 on an earnings per share basis.
How many employees does Alphabet have?: The company employs 156,500 workers across the globe.
Does Alphabet have any subsidiaries?: The following companies are subsidiares of Alphabet: Alphabet Capital US LLC, Google, and XXVI Holdings Inc..
Read More
How can I contact Alphabet?: 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.

This page (NASDAQ:GOOG) was last updated on 6/1/2023 by MarketBeat.com Staff

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