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. Since then, GOOGL shares have increased by 19.8% and is now trading at $1,451.09.
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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.
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Alphabet Inc (NASDAQ:GOOGL) released its earnings results on Thursday, July, 30th. The information services provider reported $10.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $8.43 by $1.70. The information services provider had revenue of $31.60 billion for 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%.
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43 brokerages have issued 12 month price targets for Alphabet's stock. Their forecasts range from $1,400.00 to $1,955.00. On average, they anticipate Alphabet's stock price to reach $1,667.69 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
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Media stories about GOOGL stock have been trending somewhat negative on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alphabet earned a news impact score of -1.4 on InfoTrie's scale. They also assigned media coverage about the information services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.
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Alphabet saw a increase in short interest during 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 daily volume of 1,810,000 shares, the days-to-cover ratio is currently 1.4 days.
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Some companies that are related to Alphabet include Alphabet (GOOG), Facebook (FB), Zoom Video Communications (ZM), Baidu (BIDU), Snap (SNAP), IHS Markit (INFO), Twitter (TWTR), Pinterest (PINS), Trade Desk (TTD), Yandex (YNDX), Livongo Health (LVGO), FactSet Research Systems (FDS), Wix.Com (WIX), Line (LN) and GDS (GDS).
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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 $1,451.09.

Alphabet has a market capitalization of $986.98 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]