Key Takeaways:
- Google (GOOGL, Financial) secures a pivotal agreement with the U.S. government, significantly lowering Workspace costs.
- Analysts suggest a promising upside for Alphabet Inc., with a projected average price target of $211.17.
- Alphabet Inc. (GOOGL) holds an "Outperform" rating from industry experts.
Google (GOOGL) has strategically aligned with the U.S. government by agreeing to reduce the cost of its Workspace software by a substantial 71% for federal agencies. This move, effective until September 30, aims to reduce government expenditures while simultaneously enhancing Google's presence in a sector traditionally dominated by Microsoft (MSFT).
Wall Street Analysts' Predictions
In a comprehensive analysis by 50 analysts, the one-year price targets for Alphabet Inc. (GOOGL, Financial) present an average target of $211.17. The highest projection reaches $240.00, while the lowest is set at $167.00. The average target offers a potential upside of 38.22% from the current stock price of $152.78. Investors can explore more detailed estimate data on the Alphabet Inc (GOOGL) Forecast page.
Analyst Recommendations
With input from 57 brokerage firms, Alphabet Inc.'s (GOOGL, Financial) consensus recommendation stands at an average rating of 2.0, placing it in the "Outperform" category. This rating operates on a scale where 1 denotes a Strong Buy, and 5 suggests a Sell, highlighting a favorable market sentiment towards GOOGL.
GF Value Estimations
According to GuruFocus estimates, the anticipated GF Value for Alphabet Inc. (GOOGL, Financial) over the next year is $195.42. This estimation suggests a potential upside of 27.91% from the current trading price of $152.78. The GF Value represents GuruFocus' calculated fair value of the stock, derived from historical trading multiples, past business growth, and future business performance forecasts. For a more comprehensive analysis, visit the Alphabet Inc (GOOGL) Summary page.
