Alphabet Inc [NASDAQ: GOOGL] price plunged by -0.17 percent to reach at -$0.28.
The one-year GOOGL stock forecast points to a potential upside of 17.54. The average equity rating for GOOGL stock is currently 1.63, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Alphabet Inc [GOOGL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOOGL shares is $202.52 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOOGL stock is a recommendation set at 1.63. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Alphabet Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on July 24, 2024. While these analysts kept the previous recommendation, UBS raised their target price from $200 to $204. The new note on the price target was released on July 24, 2024, representing the official price target for Alphabet Inc stock. Previously, the target price had yet another raise from $190 to $196, while Truist kept a Buy rating on GOOGL stock. On July 24, 2024, analysts increased their price target for GOOGL shares from 200 to 204.
The Average True Range (ATR) for Alphabet Inc is set at 4.23, with the Price to Sales ratio for GOOGL stock in the period of the last 12 months amounting to 6.27. The Price to Book ratio for the last quarter was 6.84, with the Price to Cash per share for the same quarter was set at 8.18. Price to Free Cash Flow for GOOGL in the course of the last twelve months was 33.82 with Quick ratio for the last quarter at 2.08.
GOOGL Stock Performance Analysis:
Alphabet Inc [GOOGL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.00. With this latest performance, GOOGL shares dropped by -9.18% in over the last four-week period, additionally plugging by 9.96% over the last 6 months – not to mention a rise of 29.19% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GOOGL stock in for the last two-week period is set at 31.58, with the RSI for the last a single of trading hit 24.15, and the three-weeks RSI is set at 37.56 for Alphabet Inc [GOOGL]. The present Moving Average for the last 50 days of trading for this stock 178.78, while it was recorded at 174.07 for the last single week of trading, and 152.30 for the last 200 days.
Insight into Alphabet Inc Fundamentals:
Alphabet Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.08 and a Current Ratio set at 2.08.
GOOGL Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GOOGL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alphabet Inc go to 20.50%.
Alphabet Inc [GOOGL] Institutonal Ownership Details
There are presently around $801.6 billion, or None% of GOOGL stock, in the hands of institutional investors. The top three institutional holders of GOOGL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in GOOGL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in GOOGL stock with ownership which is approximately 5.1238%.
