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Alphabet - GOOGL Stock Forecast, Price & News

$117.30
-0.17 (-0.14%)
(As of 08/8/2022 05:42 PM ET)
Add
Compare
Today's Range
$116.88
$120.15
50-Day Range
$105.02
$2,235.55
52-Week Range
$101.88
$151.55
Volume
19.13 million shs
Average Volume
38.21 million shs
Market Capitalization
$1.54 trillion
P/E Ratio
21.82
Dividend Yield
N/A
Price Target
$146.81

Alphabet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
25.1% Upside
$146.81 Price Target
Short Interest
Healthy
0.36% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.16mentions of Alphabet in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$15.76 M Sold Last Quarter
Proj. Earnings Growth
11.88%
From $5.22 to $5.84 Per Share

Overall MarketRank

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

3.29 out of 5 stars

Computer And Technology Sector

50th out of 833 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

6th out of 83 stocks

GOOGL stock logo

About Alphabet (NASDAQ:GOOGL) 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.

Alphabet Stock Up 1.4 %

GOOGL Stock traded up $1.61 during mid-day trading on Monday, reaching $119.08. The company had a trading volume of 305,208 shares, compared to its average volume of 38,082,672. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. The stock has a 50 day simple moving average of $155.27 and a two-hundred day simple moving average of $138.02. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.90 and a beta of 1.08. Alphabet has a 52 week low of $101.88 and a 52 week high of $151.55.

Alphabet (NASDAQ:GOOGL - Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same period last year, the firm earned $27.26 earnings per share. As a group, equities analysts predict that Alphabet will post 5.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several analyst reports. Itaú Unibanco initiated coverage on Alphabet in a report on Tuesday, July 26th. They issued a "market perform" rating and a $113.00 target price for the company. Wells Fargo & Company reduced their target price on Alphabet from $170.00 to $160.00 and set an "overweight" rating for the company in a report on Wednesday, July 27th. Guggenheim reduced their target price on Alphabet to $130.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Susquehanna cut their price target on Alphabet from $187.50 to $150.00 and set a "positive" rating for the company in a report on Wednesday, July 27th. Finally, Oppenheimer cut their price target on Alphabet to $155.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $147.36.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 1,109 shares of Alphabet stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the completion of the sale, the senior vice president now directly owns 1,608 shares of the company's stock, valued at approximately $3,484,117.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O'toole sold 42 shares of Alphabet stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $2,298.63, for a total value of $96,542.46. Following the completion of the transaction, the chief accounting officer now directly owns 1,181 shares of the company's stock, valued at approximately $2,714,682.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 1,109 shares of Alphabet stock in a transaction on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the completion of the transaction, the senior vice president now directly owns 1,608 shares of the company's stock, valued at $3,484,117.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,352 shares of company stock valued at $15,690,955. Insiders own 11.44% of the company's stock.

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GOOGL Stock News Headlines

Twitter's Up For Third Week In A Row: What's Next For The Stock? (GOOGL)
While the media is captivated by the upcoming trial between Twitter and Elon Musk the stock has risen three weeks. What’s next for the little blue bird?
MarketBeat: Week in Review 7/25 – 7/29 (GOOGL)
The markets are rallying as big tech earnings are lifting investors' spirits. Here are some of the stocks our analysts were looking at this week.
Is Google The Buy Of The Summer?
It’s been an unpredictable kind of year for most companies, and Alphabet (NASDAQ: GOOGL), is no exception. Is it suddenly becoming an obvious buy though?
Occidental Petroleum Leads Exxon Mobil, Chevron Ahead Of Earnings (GOOGL)
Like Exxon Mobil , Chevron, and other oil-and-gas producers, Occidental Petroleum (NYSE: OXY) has been forming a potentially constructive consolidation,
C3.AI Stock is a Bargain Enterprise Artificial Intelligence Game Changer (GOOGL)
Enterprise artificial intelligence application software company C3.AI (NYSE: AI) stock has been crushed (-42%) for the year.
Facebook parent Meta posts first revenue decline in history
Facebook and Instagram’s parent company Meta posted its first revenue decline in history Thursday, dragged by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies
Why Amazon and Alphabet are Post-Split Buys (GOOGL)
From time to time a company decides to enact a stock-split to make it more affordable to the masses. In recent weeks, these two companies did just that—and effectively invited investors to come along for the ride.
Wall Street slumps, still marks best weekly gain in a month
Wall Street gave back some of its strong gains from the week on Friday following discouraging readings on the global economy and another slew of profit reports from big U.S. companies
GOP AGs ask Google not to limit anti-abortion center results
Some federal lawmakers urged Google last month to limit the appearance of anti-abortion pregnancy centers in certain abortion-related search results
Two-Minute Drill: GOOGL & NKE
Alphabet Whale Trades For August 04
See More Headlines
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GOOGL Company Calendar

Last Earnings
7/26/2022
Today
8/08/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:GOOGL
Employees
156,500
Year Founded
2015

Price Target and Rating

Average Stock Price Forecast
$146.81
High Stock Price Forecast
$186.00
Low Stock Price Forecast
$113.00
Forecasted Upside/Downside
+25.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
38 Analysts

Profitability

Net Income
$76.03 billion
Pretax Margin
30.71%

Debt

Sales & Book Value

Annual Sales
$257.64 billion
Cash Flow
$6.68 per share
Book Value
$19.03 per share

Miscellaneous

Outstanding Shares
13,169,998,000
Free Float
11,663,350,000
Market Cap
$1.54 trillion
Optionable
Optionable
Beta
1.08

Social Links


Key Executives














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 twelve months. There are currently 4 hold ratings, 33 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 2022?

38 equities research analysts have issued 12 month price targets for Alphabet's stock. Their GOOGL stock forecasts range from $113.00 to $186.00. On average, they anticipate the company's stock price to reach $146.81 in the next year. This suggests a possible upside of 25.1% from the stock's current price.
View analysts price targets for GOOGL
or view top-rated stocks among Wall Street analysts.

How has Alphabet's stock performed in 2022?

Alphabet's stock was trading at $144.8520 at the beginning of the year. Since then, GOOGL stock has decreased by 19.0% and is now trading at $117.39.
View the best growth stocks for 2022 here
.

When is Alphabet's next earnings date?

Alphabet is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our GOOGL earnings forecast
.

How were Alphabet's earnings last quarter?

Alphabet Inc. (NASDAQ:GOOGL) posted its earnings results on Tuesday, July, 26th. The information services provider reported $1.21 EPS for the quarter, missing analysts' consensus estimates of $1.32 by $0.11. Alphabet had a net margin of 25.89% and a trailing twelve-month return on equity of 28.65%. During the same period in the prior year, the company earned $27.26 EPS.
Read the conference call transcript
.

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 issued 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 variety of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (0.01%), Loomis Sayles & Co. L P (0.01%), Sumitomo Mitsui Trust Holdings Inc. (0.01%), Parnassus Investments LLC (0.01%), IMC Chicago LLC (0.00%) and Veritas Asset Management LLP (0.00%). Insiders that own company stock include 2016 Gp LLC Gv, 2021 Gp LLC Gv, Amie Thuener O'toole, Ann Mather, Brin Sergey, Frances Arnold, John Kent Walker, John L Hennessy, 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 $117.39.

How much money does Alphabet make?

Alphabet (NASDAQ:GOOGL) has a market capitalization of $1.55 trillion and generates $257.64 billion in revenue each year. The information services provider earns $76.03 billion in net income (profit) each year or $5.3750 on an earnings per share basis.

How many employees does Alphabet have?

Alphabet employs 156,500 workers across the globe.

When was Alphabet founded?

Alphabet was founded in 2015.

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 8/8/2022 by MarketBeat.com Staff

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