Truist Securities has revised its price target for Alphabet (GOOGL), lowering it from $220 to $200, while maintaining a Buy rating on the shares. This adjustment reflects concerns over the potential impact of recently implemented tariffs on major markets like China and Canada, which may affect Alphabet's growth in critical sectors such as Retail, Automotive, and Pharmaceuticals.
Despite these challenges, Truist remains optimistic about Alphabet’s upcoming first-quarter results. The firm anticipates that these figures will align with market expectations, driven by robust user engagement on platforms like Google Search and YouTube, along with steady performance in its cloud services division.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $207.59 with a high estimate of $234.00 and a low estimate of $173.00. The average target implies an upside of 33.50% from the current price of $155.50. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alphabet Inc (GOOG, Financial) in one year is $198.13, suggesting a upside of 27.41% from the current price of $155.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alphabet Inc (GOOG) Summary page.
