Key Takeaways:
- Alphabet Inc. (GOOGL, Financial) posts strong Q1 earnings, surpassing expectations.
- Analysts offer an average price target suggesting a potential upside of over 27%.
- GOOGL maintains an "Outperform" rating backed by a consensus of 56 brokerages.
Alphabet Inc. (GOOGL) recently witnessed a rise in its stock price following the release of its first-quarter earnings report. The tech giant's performance exceeded expectations, sparking interest among investors. Analysts have been quick to emphasize Alphabet's strategic advantages within the tech sector, contributing to its stock's increasing allure.
Wall Street Analysts' Forecasts
A review of one-year price targets from 49 analysts suggests an average target price for Alphabet Inc. (GOOGL, Financial) at $202.21. High estimates reach up to $240.00, while the low sits at $159.00. This average target proposes a potential upside of 27.15% from Alphabet's current price of $159.03. For more detailed projections, visit the Alphabet Inc (GOOGL) Forecast page.
Brokerage consensus reinforces a favorable outlook for Alphabet Inc. with an average recommendation of 2.0, aligning with an "Outperform" rating. This consensus, derived from 56 brokerage houses, uses a rating scale from 1 to 5—where 1 indicates a Strong Buy and 5 a Sell.
Utilizing GuruFocus's proprietary metrics, the estimated GF Value for Alphabet Inc. (GOOGL, Financial) over the next year is pegged at $194.61. This estimation indicates a 22.37% upside from its current price of $159.03. The GF Value is calculated based on historical trading multiples, past business growth, and future performance estimates. Additional insights are available on the Alphabet Inc (GOOGL) Summary page.
