Alphabet - GOOG Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last twelve months. There are currently 1 hold rating and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GOOG shares.
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18 analysts have issued 12 month price targets for Alphabet's stock. Their GOOG share price forecasts range from $118.00 to $165.00. On average, they anticipate the company's share price to reach $135.11 in the next year. This suggests a possible upside of 30.5% from the stock's current price.
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Alphabet's stock was trading at $88.73 on January 1st, 2023. Since then, GOOG stock has increased by 16.6% and is now trading at $103.50.
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Alphabet saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 33,460,000 shares, an increase of 10.8% from the February 28th total of 30,190,000 shares. Based on an average daily volume of 31,250,000 shares, the days-to-cover ratio is presently 1.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
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Alphabet Inc. (NASDAQ:GOOG) issued its quarterly earnings data 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 net margin of 21.20% and a trailing twelve-month return on equity of 23.54%. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 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), Fidelity MSCI Communication Services Index ETF (FCOM), Vanguard Communication Services Index Fund (VOX), iShares Global Comm Services ETF (IXP), Davis Select U.S. Equity ETF (DUSA), Motley Fool 100 Index ETF (TMFC), Invesco NASDAQ Internet ETF (PNQI) and T. Rowe Price Blue Chip Growth ETF (TCHP).

Alphabet shares 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 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.

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 institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (1.19%), Moneta Group Investment Advisors LLC (1.02%), Geode Capital Management LLC (0.76%), Morgan Stanley (0.56%), Alliancebernstein L.P. (0.42%) and Legal & General Group Plc (0.27%). 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 $103.50.

Alphabet (NASDAQ:GOOG) has a market capitalization of $1.33 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 $4.5510 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.