Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.
Google stock last closed at $169.74, up 0.3% from the previous day, and has increased 30.32% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.08 percentage points. Google stock is currently +32.71% from its 52-week low of $127.90, and -11.48% from its 52-week high of $191.75.
There are currently 12.24B shares of GOOGL outstanding. The market capitalization of GOOGL is $2.08T. In the past 24 hours, 17.83M GOOGL shares were traded.
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Once you have decided on the best place to buy Google stock, it's important to analyze their stock prior to investing, so you can wrap your head around the risk as well as the opportunity.
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You can view all of the due diligence checks on GOOGL's stock page.
You can use many financial metrics, analyses, models, and charts to gauge GOOGL's fair value.
Using relative valuations ratios:
You can access more valuation analysis on GOOGL's stock here.
Out of 27 Equities analysts who give ratings on GOOGL, the consensus analyst rating on Google is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Justin Patterson, a top 8% analyst from KeyBanc maintains GOOGL with a strong buy rating and raises their GOOGL price target from $200.00 to $215.00, on Oct 30, 2024.
Thomas Champion, a top 21% analyst from Piper Sandler reiterates GOOGL with a strong buy rating and raises their GOOGL price target from $200.00 to $210.00, on Oct 30, 2024.
Brad Erickson, a top 3% analyst from RBC Capital maintains GOOGL with a buy rating and raises their GOOGL price target from $204.00 to $210.00, on Oct 30, 2024.
Youssef Squali, a top 2% analyst from Truist Securities maintains GOOGL with a strong buy rating and raises their GOOGL price target from $220.00 to $225.00, on Oct 30, 2024.
Ken Gawrelski, a top 9% analyst from Wells Fargo maintains GOOGL with a hold rating and raises their GOOGL price target from $182.00 to $187.00, on Oct 30, 2024.
Wells Fargo's Ken Gawrelski raised their price target on Google (NASDAQ: GOOGL) by 2.7% from $182 to $187 on 2024/10/30. The analyst maintained their Hold rating on the stock.
Google reported its Q3 2024 earnings.
Google Cloud and core cost discipline delivered a solid beat in the quarter, Gawrelski said.
In terms of guidance, "GCP and core margins powered a healthy mid-single-digit percentage positive EPS revision," the analyst said.
Looking ahead, acknowledging managment's better execution, the analyst told readers that Wells Fargo believes core debates about Google Search have not been settled, predicting "an eventful catalyst path through year-end 2024."
For Q3 2024, Google reported:
Management did not provide financial guidance in its press release.
CEO Sundar Pichai commented: “The momentum across the company is extraordinary.
"Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools.
"In Search, our new AI features are expanding what people can search for and how they search for it.
"In Cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals.
"And YouTube’s total ads and subscription revenues surpassed $50 billion over the past four quarters for the first time.
"We generated strong revenue growth in the quarter, and our ongoing efforts to improve efficiency helped deliver improved margins.
"I’m looking forward to driving more advances for consumers, customers and creators globally.”
You can dive deeper into what analysts are saying on the Google stock forecast page.
Last year, GOOGL earnings were $94.27B. During the past five year, GOOGL's earnings have grown by 26.5% per year. This was faster than the Internet Content & Information industry average of 25.05%.
Last year, GOOGL revenue was $339.86B. Over the last five year, GOOGL's revenue has gone up by 16.99% per year. This was slower than the Internet Content & Information industry average of 18%.
Find out more about GOOGL's earnings and revenue performance here.
Over the past 12 months, executives and large shareholders at GOOGL have sold more shares than they have bought.
Frances Arnold, Director of GOOGL, was the latest GOOGL insider to sell. They sold $75,437.46 worth of GOOGL shares on Nov 4, 2024.
Get more info about who owns GOOGL shares here.
Google pays a dividend of 0.24%, compared to the Internet Content & Information industry's average dividend yield of 13.21%. If you owned $1,000 worth of GOOGL stock, you would have been paid $2.36 in the past year.
Dig into more data about Google dividend yield and history here.
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To summarize, here are the 6 steps to buy Google stock:
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