- Alphabet (GOOGL, Financial) exceeds market expectations with robust Q1 earnings and a significant stock buyback plan.
- Wall Street analysts predict a potential upside with a forecast average price target of $202.21.
- GuruFocus predicts a 22.37% potential upside based on its proprietary GF Value estimate.
Alphabet (GOOGL) delivered impressive results in its first-quarter earnings report, showcasing a solid financial performance that outpaced market predictions. The tech giant announced earnings per share (EPS) of $2.81, significantly beating estimates, alongside revenue of $90.2 billion. These robust figures were complemented by a 5% increase in dividends and a substantial $70 billion stock buyback plan, catalyzing a 3% rise in the stock's value.
Wall Street Analysts Forecast
Wall Street analysts provide a positive outlook for Alphabet Inc (GOOGL, Financial), with one-year price targets from 49 analysts averaging at $202.21. Predictions range from a high of $240.00 to a low of $159.00, presenting an anticipated upside of 27.15% compared to the current trading price of $159.03. For a comprehensive view, visit the Alphabet Inc (GOOGL) Forecast page.
The recommendation from 56 brokerage firms for Alphabet Inc (GOOGL, Financial) stands at an average brokerage recommendation of 2.0, suggesting an "Outperform" status. This recommendation scale ranges from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
GuruFocus Estimates and Valuation
According to GuruFocus estimates, the anticipated GF Value for Alphabet Inc (GOOGL, Financial) in a one-year timeframe is projected at $194.61. This projection suggests a potential upside of 22.37% from its current price of $159.03. The GF Value is GuruFocus' fair value estimate, relying on an analysis of historical trading multiples, past business growth, and future performance forecasts. Detailed insights are accessible on the Alphabet Inc (GOOGL) Summary page.
