Alphabet Inc [NASDAQ: GOOG] stock went on an upward path that rose over 55402576% on Friday, amounting to a one-week price decrease of less than -5.22%.
Over the last 12 months, GOOG stock dropped by -11.93%. The one-year Alphabet Inc stock forecast points to a potential downside of -13443343.44. The average equity rating for GOOG stock is currently 1.44, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2028.13 billion, with 5.47 billion shares outstanding and 5.07 billion shares in the current float. Compared to the average trading volume of 26.86M shares, GOOG stock reached a trading volume of 55402576 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $199.80 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 1.44. 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 Price to Book ratio for the last quarter was 5.90, with the Price to Cash per share for the same quarter was set at 7.88. Price to Free Cash Flow for GOOG in the course of the last twelve months was 27.08 with Quick ratio for the last quarter at 1.77.
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 -5.22. With this latest performance, GOOG shares gained by 1.46% in over the last four-week period, additionally sinking by -15.36% over the last 6 months – not to mention a drop of -11.93% in the past year of trading.
Insight into Alphabet Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Alphabet Inc [GOOG] shares currently have an operating margin of 32.60% and a Gross Margin at 58.54%. Alphabet Inc’s Net Margin is presently recorded at 30.89%.
Return on Equity for this stock inclined to 25.15%, with Return on Assets sitting at 25.15%.
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 12.93%.
Alphabet Inc [GOOG] Institutonal Ownership Details
There are presently around $61.41%, or 65.79%% 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 3.3574%. 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 1.5156%.
