Alphabet Inc [NASDAQ: GOOG] price plunged by -1.58 percent to reach at -$2.67.
The one-year GOOG stock forecast points to a potential upside of 20.51. The average equity rating for GOOG stock is currently 1.50, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Alphabet Inc [GOOG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOOG shares is $209.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOOG stock is a recommendation set at 1.50. 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.
Seaport Research Partners have made an estimate for Alphabet Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 30, 2024. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Outperform. The new note on the price target was released on October 11, 2024, representing the official price target for Alphabet Inc stock. Previously, the target price had yet another raise to $215, while Pivotal Research Group analysts kept a Buy rating on GOOG stock. On July 10, 2024, analysts increased their price target for GOOG shares from 200 to 220.
The Average True Range (ATR) for Alphabet Inc is set at 4.40, with the Price to Sales ratio for GOOG stock in the period of the last 12 months amounting to 5.88. The Price to Book ratio for the last quarter was 6.50, with the Price to Cash per share for the same quarter was set at 7.78. Price to Free Cash Flow for GOOG in the course of the last twelve months was 35.74 with Quick ratio for the last quarter at 1.95.
GOOG Stock Performance Analysis:
Alphabet Inc [GOOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.21. With this latest performance, GOOG shares gained by 1.24% in over the last four-week period, additionally sinking by -5.54% over the last 6 months – not to mention a rise of 18.96% 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 GOOG stock in for the last two-week period is set at 41.01, with the RSI for the last a single of trading hit 34.57, and the three-weeks RSI is set at 44.64 for Alphabet Inc [GOOG]. The present Moving Average for the last 50 days of trading for this stock 169.09, while it was recorded at 173.90 for the last single week of trading, and 165.45 for the last 200 days.
Insight into Alphabet Inc Fundamentals:
Alphabet Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.95 and a Current Ratio set at 1.95.
GOOG 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 GOOG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alphabet Inc go to 15.85%.
Alphabet Inc [GOOG] Institutonal Ownership Details
There are presently around $61.41%, or 61.43%% of GOOG stock, in the hands of institutional investors. The top three institutional holders of GOOG stocks are: VANGUARD GROUP INC with ownership of 414.41 million shares, which is approximately 3.338%. BLACKROCK INC., holding 355.33 million shares of the stock with an approximate value of $$65.17 billion in GOOG stocks shares; and BLACKROCK INC., currently with $$34.31 billion in GOOG stock with ownership which is approximately 1.5068%.
