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Alphabet - GOOGL Stock Forecast, Price & News

$104.66
-0.94 (-0.89%)
(As of 03/24/2023 10:46 AM ET)
Add
Compare
Today's Range
$104.29
$105.33
50-Day Range
$89.13
$107.74
52-Week Range
$83.34
$143.79
Volume
7.55 million shs
Average Volume
40.35 million shs
Market Capitalization
$1.34 trillion
P/E Ratio
23.00
Dividend Yield
N/A
Price Target
$131.83

Alphabet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
25.8% Upside
$131.83 Price Target
Short Interest
Healthy
0.32% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.38mentions of Alphabet in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$12.16 M Bought Last Quarter
Proj. Earnings Growth
20.51%
From $5.12 to $6.17 Per Share

Overall MarketRank

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

3.06 out of 5 stars

Computer And Technology Sector

95th out of 604 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

8th out of 63 stocks


GOOGL stock logo

About Alphabet (NASDAQ:GOOGL) Stock

Alphabet Inc. is the parent company of a host of technology services that include the iconic Google search engine and all the associated apps that go with it. The company is the G in the FAANG stock acronym and a blue-chip operator of Internet infrastructure. The company was founded on September 4 1998 by Larry Page and Sergey Brin while the two were Ph.D. students at Stanford.

The original product was a tool for searching the rapidly growing Internet that revolutionized the budding Search Engine industry. Since its founding, Google has become the world’s premier and leading search engine commanding an estimated 86% of the search market in 2021. The company abruptly changed its name and operating structure in 2015 making it a parent company with Google a subsidiary. This provided some protection against anti-trust lawsuits, improved accounting, and allowed the company to expand into areas outside of search.

Alphabet provides various products and platforms globally, where it is permitted, and operates in three broad segments. The three operating segments are Google Services, Google Cloud, and Other Bets. The company is headquartered in Mountain View, California, and is located within a sprawling complex of modernized and new buildings called the Googleplex. The Googleplex is prominently located within the San Francisco Bay Area and is the company’s largest complex. Employees working in the Googleplex are afforded free transportation on the company’s shuttle bus system as well as other ground-breaking perks.

The Google Services segment is the core of the business. Google Services is built around the Google Search Engine and offers products and services to both businesses and consumers. Among the many revenue streams are search-related ad sales, Android operating system for mobile devices, Chrome web browser, assorted hardware, Gmail email accounts, Google Drive cloud-based office suite, Google Maps mapping, geolocation, and GPS tools as well as Google Photos, Google Play, and YouTube which it leverages in a variety of ways. Other revenue streams include apps and in-app sales via the Google Play store, the sale of Fitbit devices, and Google Nest smart-home products.

The Google Cloud segment is the less visible of the two major operating segments but is no less important to the infrastructure of the Internet or the company’s bottom line. The Google Cloud segment offers cloud-based infrastructure, operating platforms, and other services for business as well as a suite of cloud-based products of its own. The Google Workspace includes project management and collaboration tools such as Docs, Drive, Calendar, and Meet. Google cloud services account for roughly 9% of the global cloud market share making it the 3rd largest operator.

The Other Bets segment is Alphabet’s venture capital arm and it invests in technologies of all kinds and at all stages of development. Some of the projects under the Other Bets umbrella include Waymo and Verily. Waymo was formerly known as Google’s self-driving car project and is focused on self-driving vehicles and related technologies. Verily is focused on the healthcare sector and aims to help detect, prevent, and manage diseases.

 

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GOOGL Stock News Headlines

AI Is Giving 3 Marketing & Ad Firms Revenue & Earnings Boost (GOOGL)
HubSpot, The Trade Desk and Integral Ad Science are adopting AI to aid customers’ marketing and ad campaigns. Those 3 stocks are forming bullish consolidations.
Snap Stock Snaps Back on Prospects for a TikTok Ban (GOOGL)
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.
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
eBay Faces Growing Competition and Eroding Market Share (GOOGL)
Global digital marketplace platform eBay Inc. (NASDAQ: EBAY) stock is still experiencing normalization versus tough post-pandemic comps. The online auction
AI Cloud-Monitoring Revenue Sends Dynatrace Shares Higher (GOOGL)
Dynatrace is holding gains since its February 1 earnings report and managed to gain 0.54% the week ended February 24, defying the broad market pullback.
DocuSign Stock Clobbered by Sell Rating, Buying Opportunity? (GOOGL)
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
What is a Blue Chip Company? Examples of Blue Chips (GOOGL)
A blue chip is a publicly traded, well-established, financially sound company. Learn more about blue chips with MarketBeat.
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Alphabet Responds to Microsoft Attack
Alphabet (NASDAQ:GOOGL) Upgraded to "Outperform" at BNP Paribas
Zoom Video fires president ‘without cause’
See More Headlines
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GOOGL Company Calendar

Last Earnings
2/02/2023
Today
3/23/2023
Next Earnings (Estimated)
4/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:GOOGL
Employees
190,234
Year Founded
2015

Price Target and Rating

Average Stock Price Forecast
$131.83
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$113.00
Forecasted Upside/Downside
+24.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
38 Analysts

Profitability

Net Income
$59.97 billion
Pretax Margin
25.22%

Debt

Sales & Book Value

Annual Sales
$282.84 billion
Cash Flow
$6.18 per share
Book Value
$20.00 per share

Miscellaneous

Outstanding Shares
12,807,000,000
Free Float
11,341,879,000
Market Cap
$1.35 trillion
Optionable
Optionable
Beta
1.09

Social Links


Key Executives

  • Sundar PichaiSundar Pichai
    Chief Executive Officer & Director
  • Ruth M. PoratRuth M. Porat
    Chief Financial Officer & Senior Vice President
  • Amie Thuener O'TooleAmie Thuener O'Toole
    Chief Accounting Officer & Vice President
  • Cory R. Ondrejka
    Vice President
  • Juan Rajlin
    Treasurer & Vice President













GOOGL Stock - Frequently Asked Questions

Should I buy or sell Alphabet stock right now?

38 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last year. There are currently 3 hold ratings, 34 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GOOGL shares.
View GOOGL analyst ratings
or view top-rated stocks.

What is Alphabet's stock price forecast for 2023?

38 Wall Street analysts have issued 12 month price objectives for Alphabet's shares. Their GOOGL share price forecasts range from $113.00 to $165.00. On average, they predict the company's stock price to reach $131.83 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price.
View analysts price targets for GOOGL
or view top-rated stocks among Wall Street analysts.

How have GOOGL shares performed in 2023?

Alphabet's stock was trading at $88.23 at the beginning of the year. Since then, GOOGL shares have increased by 19.7% and is now trading at $105.60.
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, April 25th 2023.
View our GOOGL earnings forecast
.

How were Alphabet's earnings last quarter?

Alphabet Inc. (NASDAQ:GOOGL) released its quarterly earnings results on Thursday, February, 2nd. The information services provider reported $1.05 earnings per share 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 the consensus estimate of $63.15 billion. Alphabet had a net margin of 21.20% and a trailing twelve-month return on equity of 23.54%. During the same quarter last year, the firm earned $1.53 earnings per share.
Read the conference call transcript
.

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 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 Alphabet's stock symbol?

Alphabet trades on the NASDAQ under the ticker symbol "GOOGL."

Who are Alphabet's major shareholders?

Alphabet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Moneta Group Investment Advisors LLC (1.33%), Geode Capital Management LLC (0.91%), Price T Rowe Associates Inc. MD (0.89%), Morgan Stanley (0.78%), Norges Bank (0.74%) and JPMorgan Chase & Co. (0.49%). Insiders that own company stock include 2016 Gp LLC Gv, 2017 Gp LLC Gv, 2019 Gp LLC Gv, 2021 Gp LLC Gv, Amie Thuener O'toole, Ann Mather, Brin Sergey, Frances Arnold, John Kent Walker, John L Hennessy, Kavitark Ram Shriram, Lawrence Page, Philipp Schindler and Prabhakar Raghavan.
View institutional ownership trends
.

How do I buy shares of Alphabet?

Shares of GOOGL 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 GOOGL stock can currently be purchased for approximately $105.60.

How much money does Alphabet make?

Alphabet (NASDAQ:GOOGL) has a market capitalization of $1.35 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 $4.55 on an earnings per share basis.

How many employees does Alphabet have?

The company employs 190,234 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.abc.xyz. The information services provider can be reached via phone at (650) 253-0000, via email at investor-relations@abc.xyz, or via fax at 650-253-0001.

This page (NASDAQ:GOOGL) was last updated on 3/24/2023 by MarketBeat.com Staff