Quick Insights for Investors:
- Alphabet (GOOG, Financial) raises its quarterly dividend by 5% to $0.21 per share, offering a 0.52% yield.
- Analysts predict a potential 26.67% upside for Alphabet's stock with a target price of $204.53.
- GOOG earns an "Outperform" rating from brokerage firms, highlighting its growth potential.
Alphabet Inc. (GOOG) has recently announced a 5% increase in its quarterly dividend, moving it from the previous $0.20 to $0.21 per share. This adjustment results in a dividend yield of 0.52%. The dividend is scheduled for distribution on June 16 to all shareholders registered by June 9.
Analyst Price Targets and Performance Forecast
According to the one-year price targets set by 17 market analysts, Alphabet Inc. (GOOG, Financial) is projected to reach an average price of $204.53. The highest estimate suggests a price of $234.00, while the lowest is pegged at $173.00. This average target indicates a promising 26.67% potential upside from the current trading price of $161.47. For more in-depth estimates and projections, visit the Alphabet Inc (GOOG) Forecast page.
Brokerage Firm Recommendations
With input from 22 brokerage firms, Alphabet Inc.'s (GOOG, Financial) average brokerage recommendation stands at 1.8, reflecting an "Outperform" status. This rating is based on a scale where 1 signifies a Strong Buy and 5 indicates a Sell. Such recommendations underline the firm's confidence in Alphabet's potential for further growth.
GuruFocus Valuation Insights
The estimated GF Value for Alphabet Inc. (GOOG, Financial) over the next year is $195.25, which suggests a potential upside of 20.92% from the current market price of $161.47. The GF Value represents GuruFocus’ consideration of the stock's fair trading value, derived from historical trading multiples, previous business growth, and future performance projections. To explore more intricate data and insights, visit the Alphabet Inc (GOOG) Summary page.
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