NASDAQ:GOOG

Alphabet Stock Forecast, Price & News

$2,181.62

-5.83 (-0.27%)

(As of 07/1/2022 08:44 PM ET)

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Today's Range: $2,142.10
▼
$2,196.13
50-Day Range: $2,116.79
▼
$2,465.00
52-Week Range: $2,044.16
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$3,042.00

Volume: 1.55 million shs
Average Volume: 1.57 million shs
Market Capitalization: $1.44 trillion

P/E Ratio: 19.73
Dividend Yield: N/A
Price Target: $3,323.07

Alphabet MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 52.3% Upside
$3,323.07 Price Target
Short Interest: Healthy
0.69% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.69
Upright™ Environmental Score
News Sentiment: 0.18
Based on 26 Articles This Week
Insider Trading: Selling Shares
$27.99 M Sold Last Quarter
Proj. Earnings Growth: 17.50%
From $110.62 to $129.98 Per Share

Overall MarketRank^™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.60 out of 5 stars

Computer And Technology Sector

77th out of 922 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

5th out of 94 stocks

3.5 Analyst's Opinion

Consensus Rating
Alphabet has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 28 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3,323.07, Alphabet has a forecasted upside of 52.3% from its current price of $2,181.62.
Amount of Analyst Coverage
Alphabet has only been the subject of 3 research reports in the past 90 days.

5.0 Short Interest

Percentage of Shares Shorted
0.69% of the float of Alphabet has been sold short.
Short Interest Ratio / Days to Cover
Alphabet has a short interest ratio ("days to cover") of 1.2, 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 12.56%, 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.

2.1 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Alphabet has received a 26.40% 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 -0.69.

2.3 News and Social Media Coverage

News Sentiment
Alphabet has a news sentiment score of 0.18. 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 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 26 news articles for Alphabet this week, compared to 19 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 36 reddit mentions for Alphabet this week, compared to 94 mentions on an average week.
Search Interest
203 people have searched for GOOG on MarketBeat in the last 30 days. This is an increase of 2% compared to the previous 30 days.
MarketBeat Follows
Only 94 people have added Alphabet to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alphabet insiders have sold 200.52% more of their company's stock than they have bought. Specifically, they have bought $9,314,333.00 in company stock and sold $27,991,403.00 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 31.20% of the stock of Alphabet is held by institutions.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Alphabet are expected to grow by 17.50% in the coming year, from $110.62 to $129.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alphabet is 19.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 71.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alphabet is 19.73, 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 144.74.
Price to Earnings Growth Ratio
Alphabet has a PEG Ratio of 1.07. 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 5.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Alphabet (NASDAQ:GOOG) Stock

Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The Google Cloud segment offers infrastructure, platform, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.

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