- Alphabet Inc. (GOOGL, Financial) is poised to announce its Q1 earnings on April 24, with a focus on AI infrastructure spending and profit margins.
- The tech giant is anticipated to report a revenue increase of 10.7% year-over-year, with expected earnings per share of $2.01 and $89.17 billion in revenue.
- Analysts maintain a positive outlook with an average price target of $203.60, reflecting a potential upside of 31.03% from the current share price.
Alphabet Inc. (GOOGL) is gearing up to release its first-quarter financial results on April 24, attracting significant attention from investors. Key areas of interest include the company's capital expenditures on AI infrastructure and its impact on profit margins. Analysts are projecting earnings per share of $2.01, alongside a revenue figure of $89.17 billion—an impressive 10.7% growth year-over-year.
Wall Street Analysts Forecast
According to projections from 49 financial analysts, the average one-year price target for Alphabet Inc. stands at $203.60, with estimates reaching as high as $240.00 and dipping as low as $159.00. This average target suggests a potential upside of 31.03% from the current trading price of $155.39. For more detailed estimate data, please visit the Alphabet Inc. (GOOGL, Financial) Forecast page.
Moreover, the consensus recommendation from 56 brokerage firms gives Alphabet Inc. an average brokerage recommendation rating of 2.0, signifying an "Outperform" status. This rating scale spans from 1 to 5, with 1 being a Strong Buy and 5 being a Sell.
Using GuruFocus estimates, the projected GF Value for Alphabet Inc. over the next year is $194.66, indicating a potential upside of 25.28% from its current price of $155.385. The GF Value represents GuruFocus' assessment of the fair trading value for the stock, derived from historic trading multiples, prior business growth, and future performance projections. For more in-depth data, visit the Alphabet Inc. (GOOGL, Financial) Summary page.
