NASDAQ:GOOG

Alphabet - GOOG Stock Forecast, Price & News

$105.22

-3.58 (-3.29%)

(As of 02/3/2023 09:04 PM ET)

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Today's Range: $103.30
▼
$108.02
50-Day Range: $86.46
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$108.80
52-Week Range: $83.45
▼
$144.54

Volume: 36.82 million shs
Average Volume: 27.65 million shs
Market Capitalization: $1.36 trillion

P/E Ratio: 23.12
Dividend Yield: N/A
Price Target: $136.50

Institutional Ownership

Alphabet MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.94 Rating Score
Upside/Downside: 29.7% Upside
$136.50 Price Target
Short Interest: Healthy
0.22% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.72
Upright™ Environmental Score
News Sentiment: 0.19
Based on 56 Articles This Week
Insider Trading: Acquiring Shares
$13.41 M Bought Last Quarter
Proj. Earnings Growth: 17.93%
From $5.02 to $5.92 Per Share

Overall MarketRank^™

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

3.30 out of 5 stars

Computer And Technology Sector

4th out of 608 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

3rd out of 60 stocks

4.5

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 $136.50, Alphabet has a forecasted upside of 29.7% from its current price of $105.22.
Amount of Analyst Coverage
Alphabet has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
0.22% 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, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Alphabet has recently decreased by 9.30%, indicating that investor sentiment is improving significantly.

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.

2.9

News and Social Media Coverage

News Sentiment
Alphabet has a news sentiment score of 0.19. 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 0.45 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 56 news articles for Alphabet this week, compared to 20 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 24 reddit mentions for Alphabet this week, compared to 79 mentions on an average week.
Search Interest
242 people have searched for GOOG on MarketBeat in the last 30 days. This is an increase of 54% compared to the previous 30 days.
MarketBeat Follows
180 people have added Alphabet to their MarketBeat watchlist in the last 30 days. This is an increase of 78% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alphabet insiders have bought 288.11% more of their company's stock than they have sold. Specifically, they have bought $13,406,694.00 in company stock and sold $3,454,353.00 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 17.93% in the coming year, from $5.02 to $5.92 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alphabet is 23.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.67.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alphabet is 23.12, 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 410.17.
Price to Earnings Growth Ratio
Alphabet has a PEG Ratio of 1.75. 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 5.53. 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

January 31, 2023 | marketbeat.com

These AI, Cloud Stocks are Down Significantly, Not For Long

These three AI/Cloud stocks are near historic lows but the industry is growing. As such, any of these could rebound; though it may take longer for some.

January 31, 2023 | marketbeat.com

These AI, Cloud Stocks are Down Significantly, Not For Long (GOOG)

These three AI/Cloud stocks are near historic lows but the industry is growing. As such, any of these could rebound; though it may take longer for some.

February 6, 2023 | Tradewins (Ad)

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January 30, 2023 | marketbeat.com

This Week: Fed rates, Alphabet earnings, employment update

The Federal Reserve meets this week and announces its latest interest rate decision on Wednesday

January 20, 2023 | marketbeat.com

Google parent Alphabet cutting about 12,000 jobs, joining other major tech companies that grew rapidly during pandemic

January 17, 2023 | marketbeat.com

$2,000 at Alphabet's YouTube Purchase: You'd Be Up This Much. (GOOG)

Here's how much your investment in Alphabet (formerly Google) would have netted you today if you invested $2,000 in October 2006.

January 11, 2023 | marketbeat.com

Nancy Pelosi Invested in These Stocks, Should You?

Love her or hate her, some of Pelosi's stock market plays have bagged her millions of dollars. Here's a list of companies she has been buying in spades.

January 11, 2023 | marketbeat.com

Nancy Pelosi Invested In These Stocks, Should You? (GOOG)

Love her or hate her, some of Pelosi's stock market plays have bagged her millions of dollars. Here's a list of companies she has been buying in spades.

February 6, 2023 | Tradewins (Ad)

Know Your Profit Potential BEFORE You Trade!

February 5, 2023 | americanbankingnews.com

Alphabet (NASDAQ:GOOG) Given a $136.00 Price Target by Credit Suisse Group Analysts

February 5, 2023 | americanbankingnews.com

Alphabet (NASDAQ:GOOG) PT Set at $128.00 by The Goldman Sachs Group

February 5, 2023 | finance.yahoo.com

Alphabet Full Year 2022 Earnings: EPS Misses Expectations

February 5, 2023 | americanbankingnews.com

Alphabet (NASDAQ:GOOG) Sees Unusually-High Trading Volume Following Analyst Upgrade

February 5, 2023 | americanbankingnews.com

Stock Traders Buy Large Volume of Call Options on Alphabet (NASDAQ:GOOG)

February 3, 2023 | finance.yahoo.com

Market Rally Powers Higher On Tame Fed, Meta Earnings; Apple, Google, Amazon In Focus: Weekly Review

February 3, 2023 | benzinga.com

Why Alphabet Shares Are Falling

February 3, 2023 | americanbankingnews.com

Q4 2022 Earnings Forecast for Alphabet Inc. Issued By KeyCorp (NASDAQ:GOOG)

February 2, 2023 | fool.com

Alphabet (GOOGL) Q4 2022 Earnings Call Transcript

February 2, 2023 | benzinga.com

After-Hours Alert: Why Alphabet Stock Is Diving

February 2, 2023 | forbes.com

Earnings Preview: What To Expect From Google’s Parent Alphabet Today

February 2, 2023 | americanbankingnews.com

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O'toole Sells 637 Shares

February 2, 2023 | americanbankingnews.com

Bank of America Increases Alphabet (NASDAQ:GOOG) Price Target to $119.00

February 1, 2023 | finance.yahoo.com

GoodRx pays $1.5 million to settle health privacy allegations

February 1, 2023 | finance.yahoo.com

UPDATE 1-GoodRx pays $1.5 million to settle health privacy allegations

February 1, 2023 | investorplace.com

Is GOOG Stock a Buy? The Answer is Definitely No! (For Now)

January 31, 2023 | finance.yahoo.com

Alphabet’s Falling Ad Revenue Could Overshadow Cloud Growth

January 31, 2023 | investorplace.com

The Time to Buy GOOG Stock Is Now

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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GOOG Company Calendar

Last Earnings: 2/02/2023
Today: 2/05/2023
Next Earnings (Estimated): 4/25/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

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: $136.50
High Stock Price Forecast: $183.50
Low Stock Price Forecast: $115.00
Forecasted Upside/Downside: +29.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.94
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.5510
Trailing P/E Ratio: 23.12
Forward P/E Ratio: 20.96
P/E Growth: 1.75
Net Income: $76.03 billion
Net Margins: 21.20%
Pretax Margin: 27.85%
Return on Equity: 23.58%
Return on Assets: 16.81%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 2.52
Quick Ratio: 2.47

Sales & Book Value

Annual Sales: $282.84 billion
Price / Sales: 4.82
Cash Flow: $6.69 per share
Price / Cash Flow: 15.72
Book Value: $19.03 per share
Price / Book: 5.53

Miscellaneous

Outstanding Shares: 12,943,000,000
Free Float: 11,261,704,000
Market Cap: $1.36 trillion
Optionable: Optionable
Beta: 1.08

Social Links

Key Executives

Sundar Pichai
Chief Executive Officer & Director

Ruth M. Porat
Chief Financial Officer & Senior Vice President

Amie Thuener
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 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.
View GOOG analyst ratings or view top-rated stocks.
What is Alphabet's stock price forecast for 2023?: 17 brokerages have issued 1 year price targets for Alphabet's stock. Their GOOG share price forecasts range from $115.00 to $183.50. On average, they predict the company's share price to reach $136.50 in the next twelve months. This suggests a possible upside of 29.7% 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 18.6% and is now trading at $105.22.
View the best growth stocks for 2023 here.
Are investors shorting Alphabet?: Alphabet saw a decrease in short interest in 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 volume of 27,650,000 shares, the days-to-cover ratio is currently 1.0 days.
View Alphabet's Short Interest.
When is Alphabet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our GOOG earnings forecast.
How were Alphabet's earnings last quarter?: Alphabet Inc. (NASDAQ:GOOG) issued its quarterly earnings results on Thursday, February, 2nd. The information services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.14 by $0.09. The information services provider earned $76.05 billion during the quarter, compared to analysts' expectations of $76.49 billion. Alphabet had a trailing twelve-month return on equity of 23.58% and a net margin of 21.20%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.53 earnings per share.
Read the conference call transcript.
When did Alphabet's stock split?: Alphabet's stock 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 distributed to shareholders after the market closes 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 many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.14%), Baillie Gifford & Co. (0.09%), New York State Common Retirement Fund (0.08%), C WorldWide Group Holding A S (0.06%), Sustainable Growth Advisers LP (0.05%) and New York State Teachers Retirement System (0.05%). 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.
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 $105.22.
How much money does Alphabet make?: Alphabet (NASDAQ:GOOG) has a market capitalization of $1.36 trillion and generates $282.84 billion in revenue each year. The information services provider earns $76.03 billion in net income (profit) each year or $4.5510 on an earnings per share basis.
How many employees does Alphabet have?: The company employs 156,500 workers across the globe.
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 2/6/2023 by MarketBeat.com Staff

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Alphabet - GOOG Stock Forecast, Price & News

Alphabet MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Alphabet (NASDAQ:GOOG) Stock

GOOG Stock News Headlines

GOOG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

GOOG Stock - Frequently Asked Questions

Overall MarketRank^™