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NASDAQ:GOOGL

Alphabet (GOOGL) Stock Forecast, Price & News

$123.72

+0.85 (+0.69%)

(As of 06/1/2023 ET)

Compare

Today's Range: $122.62
▼
$124.42
50-Day Range: $100.89
▼
$125.05
52-Week Range: $83.34
▼
$126.43

Volume: 30.75 million shs
Average Volume: 37.89 million shs
Market Capitalization: $1.57 trillion

P/E Ratio: 27.55
Dividend Yield: N/A
Price Target: $130.51

Alphabet MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.92 Rating Score
Upside/Downside: 5.5% Upside
$130.51 Price Target
Short Interest: Healthy
0.44% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.13
Based on 32 Articles This Week
Insider Trading: Selling Shares
$30.80 M Sold Last Quarter
Proj. Earnings Growth: 15.90%
From $5.41 to $6.27 Per Share

Overall MarketRank^™

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

2.35 out of 5 stars

Computer And Technology Sector

401st out of 1,226 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

27th out of 120 stocks

2.5

Analyst's Opinion

Consensus Rating
Alphabet has received a consensus rating of Buy. The company's average rating score is 2.92, and is based on 33 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $130.51, Alphabet has a forecasted upside of 5.5% from its current price of $123.72.
Amount of Analyst Coverage
Alphabet has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.44% 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 1.6, 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 18.43%, 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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GOOGL.

2.8

News and Social Media Coverage

News Sentiment
Alphabet has a news sentiment score of 0.13. 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 0.45 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 32 news articles for Alphabet this week, compared to 22 articles on an average week.
Search Interest
349 people have searched for GOOGL on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.
MarketBeat Follows
550 people have added Alphabet to their MarketBeat watchlist in the last 30 days. This is an increase of 24% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alphabet insiders have sold 45.71% more of their company's stock than they have bought. Specifically, they have bought $21,135,371.00 in company stock and sold $30,796,954.00 in company stock.
Percentage Held by Insiders
Only 0.88% of the stock of Alphabet is held by insiders.
Percentage Held by Institutions
Only 34.06% of the stock of Alphabet is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Alphabet are expected to grow by 15.90% in the coming year, from $5.41 to $6.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alphabet is 27.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alphabet is 27.55, 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 327.16.
Price to Earnings Growth Ratio
Alphabet has a PEG Ratio of 1.58. 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 6.02. 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: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

May 31, 2023 | marketbeat.com

Here’s Why Snap Stock Can Double in 2023 (GOOGL)

Social media platform Snap Inc. (NYSE: SNAP) stock has fallen to pandemic lows as it collapsed (-77%) in 2022. The fallout from advertisers pulling

May 31, 2023 | marketbeat.com

UiPath Stock Has Short-Term Pain for Long-Term AI Gain (GOOGL)

UiPath Inc. shares took an initial dive on its fiscal Q1 2024 earnings release. The culprit was lowered fiscal Q2 2024 revenue guidance that spooked investors

June 1, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

May 15, 2023 | marketbeat.com

UnitedHealth Group is an AI Stock That Isn't Beating Expectations (GOOGL)

Although it's a pioneer in AI, UnitedHealth Group is not enjoying the halo effect on AI stocks, but with more clarity on future growth that should change

May 15, 2023 | marketbeat.com

Nasdaq 100 Hits 2023 Highs As Google, Amazon Join The Tech Rally

The Nasdaq 100 index hit new 2023 highs, boosted by AI news from Alphabet, as other top components, including Microsoft, Nvidia and Apple took a breather.

May 12, 2023 | marketbeat.com

Oracle Stock Climbs For Third Month, Still In Buy Range (GOOGL)

Oracle, a well-established enterprise software provider, has seen its shares rise for three consecutive months, outperforming newer competitors.

May 9, 2023 | marketbeat.com

Will ChatGPT Be the Final Nail in the Coffin for Chegg? (GOOGL)

Personalized online student learning platform provider Chegg Inc. (NYSE: CHGG) shares were crushed as it warned that growing ChatGPT usage was hurting its b

May 9, 2023 | marketbeat.com

Arista Networks: Cloud Computing Selloff Creates an Opportunity (GOOGL)

Investors that got out of Arista stock because of a temporary slowdown have their heads in the clouds. Those that can see past the fog have a great opportunity.

June 1, 2023 | Edge On The Street (Ad)

The $193 Billion US-China War You Don't Know About

They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.

May 9, 2023 | marketbeat.com

Is Tech Stocks' Dominance A Warning Signal For The Broad Market? (GOOGL)

The dominance of a small number of tech stocks with AI initiatives in the S&P 500 may threaten the index's role as a diversified representation of the market.

May 9, 2023 | marketbeat.com

Snap Proves More DAUs Don’t Mean More Revenues (GOOGL)

Video messaging media company Snap Inc. (NYSE: SNAP) stock was punished with a (27%) haircut after releasing its Q 2023 earnings report.

May 8, 2023 | marketbeat.com

Is the Market Reacting Too Negatively to Pinterest Earnings? (GOOGL)

Social commerce platform Pinterest Inc. (NASDAQ: PINS) stock collapsed (25%) after its Q1 2023 earnings report. Shares have fallen (8.2%) for the year.

June 1, 2023 | businessinsider.com

Generative AI startup Runway taps Google to lead a $100 million funding round and sign a major cloud contract

June 1, 2023 | americanbankingnews.com

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold Sells 240 Shares

June 1, 2023 | seekingalpha.com

A Data Scientist Explains Large Language Models And Implications For Businesses

May 31, 2023 | bizjournals.com

Google head of communications and advisor to CEO Sundar Pichai to exit

May 31, 2023 | msn.com

SCOOP: Corey duBrowa departs Google to serve as CEO of BCW

May 31, 2023 | marketwatch.com

Alphabet Inc. Cl A stock falls Wednesday, underperforms market

May 31, 2023 | seekingalpha.com

Google Has Many Positives

May 31, 2023 | insidermonkey.com

What Makes Alphabet (GOOGL) an Attractive Investment Now?

May 31, 2023 | msn.com

Apple, Alphabet, Meta, and Microsoft Have All Done Major Share Buybacks This Year -- Should You Join Them?

May 30, 2023 | news.yahoo.com

Google DeepMind introduces Barkour, a benchmark for quadrupedal robots

May 30, 2023 | bizjournals.com

Google seeks to shed 1.4M square feet across seven Silicon Valley offices

May 30, 2023 | markets.businessinsider.com

AI Democratizes Advertising, Google Leads the Charge with a Generative Boost

May 30, 2023 | msn.com

Alphabet stock cruises toward best month in 3 years as it ups the ante in AI

May 30, 2023 | finance.yahoo.com

Warren Buffett Stocks: TSM Etches Buy Zone As Google Gets Tight

May 30, 2023 | finance.yahoo.com

Google’s Bard vs. ChatGPT: Advisors Weigh In

See More Headlines

GOOGL Price History

30 days | 90 days | 365 days | Advanced Chart

GOOGL Company Calendar

Last Earnings: 4/25/2023
Today: 6/01/2023
Next Earnings (Estimated): 7/25/2023
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: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:GOOGL
CUSIP: N/A
CIK: 1652044
Web: www.abc.xyz
Phone: (650) 253-0000
Fax: 650-253-0001
Employees: 190,234
Year Founded: 2015

Price Target and Rating

Average Stock Price Forecast: $130.51
High Stock Price Forecast: $160.00
Low Stock Price Forecast: $113.00
Forecasted Upside/Downside: +5.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.92
Research Coverage: 38 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.49
Trailing P/E Ratio: 27.55
Forward P/E Ratio: 22.87
P/E Growth: 1.58
Net Income: $59.97 billion
Net Margins: 20.58%
Pretax Margin: 24.81%
Return on Equity: 22.84%
Return on Assets: 16.18%

Debt

Debt-to-Equity Ratio: 0.05
Current Ratio: 2.35
Quick Ratio: 2.32

Sales & Book Value

Annual Sales: $282.84 billion
Price / Sales: 5.55
Cash Flow: $5.93 per share
Price / Cash Flow: 20.87
Book Value: $20.55 per share
Price / Book: 6.02

Miscellaneous

Outstanding Shares: 12,697,000,000
Free Float: 12,585,266,000
Market Cap: $1.57 trillion
Optionable: Optionable
Beta: 1.10

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

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 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 2023?: 38 analysts have issued 12 month price targets for Alphabet's stock. Their GOOGL share price forecasts range from $113.00 to $160.00. On average, they predict the company's stock price to reach $130.51 in the next twelve months. This suggests a possible upside of 5.5% 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 2023. Since then, GOOGL shares have increased by 40.2% and is now trading at $123.72.
View the best growth stocks for 2023 here.
Are investors shorting Alphabet?: Alphabet saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 55,960,000 shares, an increase of 18.4% from the April 30th total of 47,250,000 shares. Based on an average daily trading volume, of 35,380,000 shares, the days-to-cover ratio is currently 1.6 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, July 25th 2023.
View our GOOGL earnings forecast.
How were Alphabet's earnings last quarter?: Alphabet Inc. (NASDAQ:GOOGL) announced its quarterly earnings data on Tuesday, April, 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. The information services provider had revenue of $69.79 billion for the quarter, compared to analysts' expectations of $57.19 billion. Alphabet had a net margin of 20.58% and a trailing twelve-month return on equity of 22.84%. During the same period last year, the firm earned $1.23 earnings per share.
Read the conference call transcript.
What ETFs hold Alphabet's stock?: ETFs with the largest weight of Alphabet (NASDAQ:GOOGL) stock in their portfolio include Direxion Daily GOOGL Bull 1.5X Shares (GGLL), Fidelity MSCI Communication Services Index ETF (FCOM), iShares Global Comm Services ETF (IXP), Communication Services Select Sector SPDR Fund (XLC), Vanguard Communication Services ETF (VOX), Future Fund Active ETF (FFND), Grizzle Growth ETF (GRZZ) and WisdomTree Growth Leaders Fund (PLAT).

When did Alphabet's stock split?: Alphabet shares split on 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 investors include State Street Corp (1.71%), FMR LLC (1.64%), Geode Capital Management LLC (0.93%), Price T Rowe Associates Inc. MD (0.85%), Wellington Management Group LLP (0.66%) and Bank of New York Mellon Corp (0.44%). 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 $123.72.
How much money does Alphabet make?: Alphabet (NASDAQ:GOOGL) has a market capitalization of $1.57 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 $4.49 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 6/1/2023 by MarketBeat.com Staff

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Alphabet (GOOGL) 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

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Alphabet (NASDAQ:GOOGL) Stock

GOOGL Stock News Headlines

GOOGL Price History

GOOGL Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

GOOGL Stock - Frequently Asked Questions

Overall MarketRank^™