Alphabet (NasdaqGS:GOOG) Stock Forecast & Analyst Predictions - Simply Wall St (2024)

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Alphabet (NasdaqGS:GOOG) Stock Forecast & Analyst Predictions - Simply Wall St? ›

Alphabet is forecast to grow earnings and revenue by 12.4% and 10% per annum respectively. EPS is expected to grow by 13.4% per annum. Return on equity is forecast to be 26.1% in 3 years.

GOOG Stock Forecast

Alphabet currently has a “Strong Buy” or “Moderate Buy” rating from 82% of the analysts in coverage, while the corresponding number three months back was 86%.

Based on short-term price targets offered by 43 analysts, the average price target for Alphabet comes to $203.07. The forecasts range from a low of $170.00 to a high of $225.00. The average price target represents an increase of 28.48% from the last closing price of $158.06.

The highest analyst price target is $240.00 ,the lowest forecast is $170.00. The average price target represents 29.38% Increase from the current price of $157.46. What do analysts say about Alphabet Class A? Alphabet Class A's analyst rating consensus is a Strong Buy.

Alphabet Stock Forecast

The 37 analysts with 12-month price forecasts for Alphabet stock have an average target of 198.7, with a low estimate of 129 and a high estimate of 240. The average target predicts an increase of 31.45% from the current stock price of 151.16.

According to analysts, GOOG price target is 202.96 USD with a max estimate of 225.00 USD and a min estimate of 170.00 USD.

There is only one difference: GOOGL stocks grant voting rights to shareholders, offering a voice in company decisions, while GOOG stocks don't. So you should make your choice accordingly.

Even if Alphabet is trading at 24 times forward earnings after five years, which is equivalent to its five-year average forward price-to-earnings ratio, its stock price could jump to $332 in five years.

The $5,000 per share thesis is somewhat dependent on there not being an economic slowdown anytime soon – although given that many observers predict an economic boost from the recovery of the coronavirus crisis, this possibility remains unlikely.

They also predict 9% ad revenue growth for 2024. The average price target for GOOG is $205.

Who owns most of Alphabet stock? ›

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Morgan Stanley, Norges Bank, and Price T Rowe Associates Inc /md/ .

Alphabet may still be a long-term buy despite the ruling

Pending the likely appeals and possible punishments, Alphabet's short-term and medium-term prospects have become less clear. This may lead shareholders to sell, or at least not add shares.

Alphabet – parent company of Google – is holding its 20-for-1 stock split on July 15, 2022. Find out everything you need to know about the corporate action and how it could impact the GOOGL share price. This article was republished on 4/27/2023 from our UK site, and the original posting date is listed above.

The average price target is $211.14 with a high forecast of $225.00 and a low forecast of $190.00. The average price target represents a 17.31% change from the last price of $179.98.

As of 2024-09-11, the Fair Value of Alphabet Inc (GOOGL) is 170.51 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 148.66 USD, the upside of Alphabet Inc is 14.7%.

The financial health and growth prospects of GOOGL, demonstrate its potential to perform inline with the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.

Alphabet (Google) stock (symbol: GOOG) underwent a total of 3 stock splits. The most recent stock split occurred on July 18th, 2022.