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NVDA   386.80 (+2.24%)
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BABA   81.20 (+2.07%)
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T   15.70 (-0.19%)
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GE   103.27 (+1.71%)
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NASDAQ:GOOGL

Alphabet (GOOGL) Stock Forecast, Price & News

$123.15
+0.28 (+0.23%)
(As of 10:22 AM ET)
Compare
Today's Range
$122.62
▼
$124.42
50-Day Range
$100.89
▼
$125.05
52-Week Range
$83.34
▼
$126.43
Volume
5.63 million shs
Average Volume
37.63 million shs
Market Capitalization
$1.56 trillion
P/E Ratio
27.43
Dividend Yield
N/A
Price Target
$130.51
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Alphabet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
6.2% Upside
$130.51 Price Target
Short Interest
Healthy
0.44% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.13mentions of Alphabet in the last 14 days
Based on 37 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

201st out of 621 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

14th out of 61 stocks

See Top Rated MarketRank™ Stocks Here

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

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 versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
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 | 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
May 30, 2023 | msn.com
Can Google Stock Rebound To $150 In 2023?
See More Headlines

GOOGL Price History

GOOGL Company Calendar

Last Earnings
4/25/2023
Today
6/01/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
+6.2%
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
27.37
Forward P/E Ratio
22.71
P/E Growth
1.59
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
5.52
Cash Flow
$5.84 per share
Price / Cash Flow
21.03
Book Value
$20.55 per share
Price / Book
5.98

Miscellaneous

Outstanding Shares
12,697,000,000
Free Float
12,585,266,000
Market Cap
$1.56 trillion
Optionable
Optionable
Beta
1.10

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

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 equities 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 equities 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 research analysts have issued 1-year price targets for Alphabet's stock. Their GOOGL share price forecasts range from $113.00 to $160.00. On average, they anticipate the company's stock price to reach $130.51 in the next year. This suggests a possible upside of 6.2% 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 stock has increased by 39.3% and is now trading at $122.87.
View the best growth stocks for 2023 here.

Are investors shorting Alphabet?

Alphabet saw a increase in short interest in 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 volume of 35,380,000 shares, the short-interest ratio is presently 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) posted its quarterly earnings data on Tuesday, April, 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.11. The information services provider had revenue of $69.79 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.23 EPS.
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 before market open on Monday, July 18th 2022. The 20-1 split was announced on Tuesday, February 1st 2022. The newly issued shares were payable to shareholders after the closing bell 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 institutional and retail 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 $122.87.

How much money does Alphabet make?

Alphabet (NASDAQ:GOOGL) has a market capitalization of $1.56 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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