- Alphabet's aggressive share buyback program highlights its commitment to enhancing shareholder value.
- Wall Street analysts see a significant upside potential for Alphabet Inc (GOOG, Financial) stock.
- According to GuruFocus, the GF Value indicates further growth potential for Alphabet.
Alphabet Inc (GOOG) has strategically increased its shareholder value by conducting a substantial buyback program. Over the first nine months of last year, the company repurchased approximately $47 billion worth of its shares, effectively reducing its outstanding shares by about 2%. This significant financial maneuver not only signifies Alphabet's robust confidence in its growth initiatives but also its steadfast dedication to maximizing investor value.
Wall Street Analysts Forecast
Wall Street analysts offer a positive outlook for Alphabet Inc (GOOG, Financial), with 17 professionals predicting an average price target of $215.00. The forecasts range from a high of $234.00 to a low of $190.00, suggesting a potential upside of 35.34% from the current stock price of $158.86. For more in-depth analysis, visit the Alphabet Inc (GOOG) Forecast page.
The consensus from 22 brokerage firms places Alphabet Inc (GOOG, Financial) with an average recommendation of 1.8, classifying it as "Outperform." This rating scale, extending from 1 (Strong Buy) to 5 (Sell), underscores the positive sentiment prevailing within the investment community.
GuruFocus GF Value Estimation
According to GuruFocus, the estimated GF Value for Alphabet Inc (GOOG, Financial) in the coming year is projected at $198.35. This estimation suggests a potential upside of 24.86% from the existing price of $158.86. The GF Value represents GuruFocus' fair value calculation, derived from historical trading multiples, prior business growth, and future performance forecasts. For comprehensive data, access the Alphabet Inc (GOOG) Summary page.
