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 $134.99, down 1.42% from the previous day, and has increased 44.05% in one year. It has overperformed other stocks in the Internet Content & Information industry by 0.19 percentage points. Google stock is currently +59.07% from its 52-week low of $84.86, and -4.41% from its 52-week high of $141.22.
There are currently 12.52B shares of GOOGL outstanding. The market capitalization of GOOGL is $1.69T. In the past 24 hours, 32.06M 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.
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis.
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 20 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.
Andrew Boone, a top 43% analyst from JMP Securities maintains GOOGL with a buy rating and raises their GOOGL price target from $138.00 to $140.00, on Oct 25, 2023.
Scott Devitt, a top 4% analyst from Wedbush reiterates GOOGL with a buy rating and maintains their GOOGL price target from $160.00 to $160.00, on Oct 25, 2023.
Wedbush's Scott Devitt reiterated their Buy rating on Google (NASDAQ: GOOGL). The analyst also maintained a $160 price target.
Results were "mixed," with revenue of $76.69B 1.2% higher than Street expectations and operating income 1.1% lower than estimates, the analyst reported after reviewing Alphabet's Q3 2023 print, released on 2023/10/24.
Devitt said there are 2 main reasons for the stock price's post-earnings decline of 7%:
However, the 7% decline was an overreaction as the market placed too much relative value on the company's Cloud business, which accounts for just 11% of revenue and 1% of operating income, the analyst argued.
"Owning Google for its Cloud business is like rooting for Michael Jordan to play baseball," Devitt playfully concluded.
For Q3 2023, Alphabet reported:
For Q4 2023:
For FY 2024:
CEO Sundar Pichai commented, “I’m pleased with our financial results and our product momentum this quarter, with AI-driven innovations across Search, YouTube, Cloud, our Pixel devices and more.
“We’re continuing to focus on making AI more helpful for everyone; there’s exciting progress and lots more to come.”
Ross Sandler, a top 13% analyst from Barclays maintains GOOGL with a strong buy rating and lowers their GOOGL price target from $200.00 to $180.00, on Oct 25, 2023.
Brian Nowak, a top 5% analyst from Morgan Stanley maintains GOOGL with a strong buy rating and lowers their GOOGL price target from $155.00 to $150.00, on Oct 25, 2023.
Barton Crockett, a top 26% analyst from Rosenblatt maintains GOOGL with a strong buy rating and raises their GOOGL price target from $163.00 to $174.00, on Oct 25, 2023.
You can dive deeper into what analysts are saying on the Google stock forecast page.
Last year, GOOGL earnings were $66.73B. During the past five year, GOOGL's earnings have grown by 31.25% per year. This was faster than the Internet Content & Information industry average of 22.52%.
Last year, GOOGL revenue was $297.13B. Over the last five year, GOOGL's revenue has gone up by 18% per year. This was slower than the Internet Content & Information industry average of 20.29%.
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.
Sundar Pichai, Chief Executive Officer of GOOGL, was the latest GOOGL insider to sell. They sold $1,947,381.26 worth of GOOGL shares on Dec 6, 2023.
Get more info about who owns GOOGL shares here.
No, Google doesn't provide an income stream by paying out dividends.
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Now that you own some GOOGL shares, you'll want to keep up with your new shares.
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