NASDAQ:GOOG

Alphabet - GOOG Stock Forecast, Price & News

$101.93

-0.53 (-0.52%)

(As of 03/20/2023 12:00 AM ET)

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Today's Range: $100.79
▼
$102.58
50-Day Range: $89.24
▼
$108.80
52-Week Range: $83.45
▼
$144.16

Volume: 25.85 million shs
Average Volume: 33.10 million shs
Market Capitalization: $1.31 trillion

P/E Ratio: 22.40
Dividend Yield: N/A
Price Target: $137.13

Institutional Ownership

Alphabet MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.94 Rating Score
Upside/Downside: 32.6% Upside
$135.11 Price Target
Short Interest: Healthy
0.24% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.72
Upright™ Environmental Score
News Sentiment: 0.38
Based on 27 Articles This Week
Insider Trading: Acquiring Shares
$12.16 M Bought Last Quarter
Proj. Earnings Growth: 20.90%
From $5.12 to $6.19 Per Share

Overall MarketRank^™

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

3.00 out of 5 stars

Computer And Technology Sector

33rd out of 604 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

3rd out of 62 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 17 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $135.11, Alphabet has a forecasted upside of 32.6% from its current price of $101.93.
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.

3.0

Short Interest

Percentage of Shares Shorted
0.24% 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 increased by 5.74%, indicating that investor sentiment is decreasing 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.

1.9

News and Social Media Coverage

News Sentiment
Alphabet has a news sentiment score of 0.38. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 27 news articles for Alphabet this week, compared to 20 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 7 reddit mentions for Alphabet this week, compared to 261878 mentions on an average week.
Search Interest
Only 294 people have searched for GOOG on MarketBeat in the last 30 days. This is a decrease of -15% compared to the previous 30 days.
MarketBeat Follows
Only 115 people have added Alphabet to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alphabet insiders have bought 69.43% more of their company's stock than they have sold. Specifically, they have bought $12,155,350.00 in company stock and sold $7,174,078.00 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 20.90% in the coming year, from $5.12 to $6.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alphabet is 22.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alphabet is 22.40, 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 336.97.
Price to Earnings Growth Ratio
Alphabet has a PEG Ratio of 1.41. 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 5.10. 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

March 13, 2023 | marketbeat.com

Snap Stock Snaps Back on Prospects for a TikTok Ban (GOOG)

Social media platform Snap Inc. (NYSE: SNAP) stock has been rallying as Congress persists in its efforts to ban social media video platform TikTok in the U.S.

March 8, 2023 | marketbeat.com

Make This Easy Mistake and You’ll Miss the Best 7%+ Dividends

March 20, 2023 | Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

March 8, 2023 | marketbeat.com

Latest Tech Layoffs at Dell May Provide Buying Opportunity (GOOG)

Dell technologies has effected its latest layoffs joining other peers in the industry, but it is not all bad news for investors that take a deeper look

March 8, 2023 | marketbeat.com

eBay Faces Growing Competition and Eroding Market Share (GOOG)

Global digital marketplace platform eBay Inc. (NASDAQ: EBAY) stock is still experiencing normalization versus tough post-pandemic comps. The online auction

February 27, 2023 | marketbeat.com

DocuSign Stock Clobbered by Sell Rating, Buying Opportunity? (GOOG)

Digital signature cloud company DocuSign Inc. (NASDAQ: DOCU) stock got clobbered on the Sell rating by UBS on Feb. 21, 2023. The company is arguably the leader

February 24, 2023 | marketbeat.com

What is a Blue Chip Company? Examples of Blue Chips (GOOG)

A blue chip is a publicly traded, well-established, financially sound company. Learn more about blue chips with MarketBeat.

February 22, 2023 | marketbeat.com

Akamai Technologies Earnings Sell-Off. A Buying Opportunity? (GOOG)

Cloud services and content delivery network (CDN) operator Akamai Technologies Inc. (NASDAQ: AKAM) saw its stock plunge over 10% on its Q4 2022 earnings

March 20, 2023 | Stansberry Research (Ad)

The gold catalyst we’ve waited for

If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.

February 21, 2023 | marketbeat.com

These Stocks Will be Dividend Aristocrats in Five Years or Less

Dividend aristocrats may help you reach your income or investment goals faster. Here are two new additions to this list that are coming soon.

February 21, 2023 | marketbeat.com

Roku Sees Ad Spend Improving in These Consumer Verticals (GOOG)

Streaming video platform Roku (NASDAQ: ROKU) stock has recovered 76.4% in 2023. Shares are still down (-55%) YoY, but indications appear

March 20, 2023 | benzinga.com

Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Alphabet, Inc. (GOOG; GOOGL) Investors of Class Action and to Actively Participate

March 20, 2023 | businesswire.com

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Alphabet Inc. (GOOG, GOOGL) on Behalf of Investors

March 19, 2023 | americanbankingnews.com

Insider Selling: Alphabet Inc. (NASDAQ:GOOG) Director Sells $3,750,000.00 in Stock

March 18, 2023 | finance.yahoo.com

Where to Invest in Artificial Intelligence Stocks Today

March 18, 2023 | finance.yahoo.com

2 Cheap Stocks With Exceptional Upside to Buy Right Now

March 18, 2023 | americanbankingnews.com

Insider Buying: Alphabet Inc. (NASDAQ:GOOG) Major Shareholder Buys $12,155,350.00 in Stock

March 17, 2023 | businesswire.com

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Alphabet, Inc. (GOOG, GOOGL)

March 17, 2023 | finance.yahoo.com

Alphabet's Charts Are Beginning to Look More Attractive

March 17, 2023 | finance.yahoo.com

A Tech Giant Is Once Again Pulling the Shades on Its Smartglasses

March 17, 2023 | finance.yahoo.com

Google’s Bard could ‘blow a hole’ in margins, analyst warns

March 17, 2023 | investorplace.com

The Legal Troubles That Could Weigh on GOOG Stock in 2023

March 16, 2023 | benzinga.com

Google Dumps AR Smart Glass Enterprise Sales, No Reasons Disclosed

March 16, 2023 | finance.yahoo.com

A Bull Market Is Coming: 2 Reasons to Buy Alphabet Stock

March 15, 2023 | finance.yahoo.com

GOOGL's 37% Growth Off Flat Base Bears This Lesson About Growth Stocks

March 15, 2023 | finance.yahoo.com

Marvel takes Google and Reddit to court over ‘Ant-Man’ leaks, report says

March 15, 2023 | finance.yahoo.com

Swiss Google workers stage walkout as job cuts hit Europe

See More Headlines

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GOOG Company Calendar

Last Earnings: 2/02/2023
Today: 3/20/2023
Next Earnings (Estimated): 4/25/2023
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: $135.11
High Stock Price Forecast: $165.00
Low Stock Price Forecast: $118.00
Forecasted Upside/Downside: +33.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.94
Research Coverage: 18 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.5510
Trailing P/E Ratio: 22.50
Forward P/E Ratio: 20.00
P/E Growth: 1.41
Net Income: $59.97 billion
Net Margins: 21.20%
Pretax Margin: 25.22%
Return on Equity: 23.54%
Return on Assets: 16.71%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 2.38
Quick Ratio: 2.34

Sales & Book Value

Annual Sales: $282.84 billion
Price / Sales: 4.64
Cash Flow: $5.92 per share
Price / Cash Flow: 17.29
Book Value: $20.00 per share
Price / Book: 5.12

Miscellaneous

Outstanding Shares: 12,807,000,000
Free Float: 11,143,371,000
Market Cap: $1.31 trillion
Optionable: Optionable
Beta: 1.09

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?: 18 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 17 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?: 18 Wall Street research analysts have issued twelve-month target prices for Alphabet's shares. Their GOOG share price forecasts range from $118.00 to $165.00. On average, they expect the company's share price to reach $135.11 in the next twelve months. This suggests a possible upside of 32.4% 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 at the beginning of the year. Since then, GOOG shares have increased by 15.0% and is now trading at $102.04.
View the best growth stocks for 2023 here.
Are investors shorting Alphabet?: Alphabet saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 30,190,000 shares, an increase of 5.7% from the February 13th total of 28,550,000 shares. Based on an average trading volume of 29,460,000 shares, the days-to-cover ratio is presently 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) released its quarterly earnings results on Thursday, February, 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.09. The information services provider had revenue of $76.05 billion for 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 company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $1.53 EPS.
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 Communication Services Select Sector SPDR Fund (XLC), Fidelity MSCI Communication Services Index ETF (FCOM), iShares Global Comm Services ETF (IXP), Davis Select U.S. Equity ETF (DUSA), Invesco NASDAQ Internet ETF (PNQI), T. Rowe Price Blue Chip Growth ETF (TCHP), American CenturyFocused Dynamic Growth ETF (FDG) and Motley Fool 100 Index ETF (TMFC).
When did Alphabet's stock split?: Alphabet's stock 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 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 a number of 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.
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 $102.04.
How much money does Alphabet make?: Alphabet (NASDAQ:GOOG) has a market capitalization of $1.31 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.
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 3/20/2023 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^™