Alphabet Stock Forecast, Price & News

Alphabet's stock was trading at $1,210.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GOOGL shares have increased by 18.8% and is now trading at $1,439.06.
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43 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last year. There are currently 3 hold ratings and 40 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Alphabet is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Alphabet.

Alphabet Inc (NASDAQ:GOOGL) released its quarterly earnings data on Thursday, July, 30th. The information services provider reported $10.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.70. The information services provider earned $31.60 billion during the quarter, compared to the consensus estimate of $30.58 billion. Alphabet had a return on equity of 15.62% and a net margin of 18.99%.
View Alphabet's earnings history.

43 analysts have issued twelve-month target prices for Alphabet's stock. Their forecasts range from $1,400.00 to $1,955.00. On average, they expect Alphabet's stock price to reach $1,668.64 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
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Media coverage about GOOGL stock has trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Alphabet earned a news sentiment score of -1.9 on InfoTrie's scale. They also assigned news stories about the information services provider a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the stock's share price in the near future.
View the latest news about Alphabet.

Alphabet saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,610,000 shares, an increase of 19.7% from the August 15th total of 2,180,000 shares. Based on an average trading volume of 1,810,000 shares, the short-interest ratio is currently 1.4 days.
View Alphabet's Short Interest.

Some companies that are related to Alphabet include Alphabet (GOOG), Facebook (FB), Zoom Video Communications (ZM), Baidu (BIDU), Snap (SNAP), Twitter (TWTR), IHS Markit (INFO), Pinterest (PINS), Trade Desk (TTD), Yandex (YNDX), Livongo Health (LVGO), FactSet Research Systems (FDS), Wix.Com (WIX), GDS (GDS) and Line (LN).
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Alphabet trades on the NASDAQ under the ticker symbol "GOOGL."

Alphabet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.44%), BlackRock Inc. (3.02%), FMR LLC (1.81%), Bank of New York Mellon Corp (0.52%), Nuveen Asset Management LLC (0.29%) and Jennison Associates LLC (0.23%).

GOOGL stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., FMR LLC, Toronto Dominion Bank, Vanguard Group Inc., California Public Employees Retirement System, Nuveen Asset Management LLC, Alleghany Corp DE, and Diamond Hill Capital Management Inc..

GOOGL stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, BlackRock Inc., Bank of New York Mellon Corp, Softbank Group Corp, APG Asset Management N.V., First Trust Advisors LP, SG Americas Securities LLC, and Altarock Partners LLC.

Shares of GOOGL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GOOGL stock can currently be purchased for approximately $1,439.06.

Alphabet has a market capitalization of $978.80 billion and generates $161.86 billion in revenue each year. The information services provider earns $34.34 billion in net income (profit) each year or $51.56 on an earnings per share basis. Alphabet employs 118,899 workers across the globe.

The official website for Alphabet is www.abc.xyz.

Alphabet's mailing address is 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA, 94043. The information services provider can be reached via phone at 650-253-0000 or via email at [email protected]