Ratings for Alphabet GOOGL were provided by 47 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 19 | 23 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 3 | 5 | 1 | 0 | 0 |
| 3M Ago | 14 | 17 | 4 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $194.02, a high estimate of $225.00, and a low estimate of $141.00. This upward trend is evident, with the current average reflecting a 11.62% increase from the previous average price target of $173.82.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Alphabet among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brent Thill | Jefferies | Raises | Buy | $215.00 | $200.00 |
| Justin Post | B of A Securities | Maintains | Buy | $200.00 | $200.00 |
| Mark Mahaney | Evercore ISI Group | Raises | Outperform | $225.00 | $220.00 |
| Ivan Feinseth | Tigress Financial | Raises | Strong Buy | $210.00 | $176.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $200.00 | $200.00 |
| Brian Nowak | Morgan Stanley | Maintains | Overweight | $195.00 | $195.00 |
| Brian Pitz | BMO Capital | Maintains | Outperform | $215.00 | $215.00 |
| Scott Devitt | Stifel | Maintains | Buy | $196.00 | $196.00 |
| Alan Gould | Loop Capital | Raises | Hold | $170.00 | $155.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $200.00 | $200.00 |
| Joseph Bonner | Argus Research | Raises | Buy | $200.00 | $170.00 |
| Shyam Patil | Susquehanna | Raises | Positive | $225.00 | $170.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $215.00 | $185.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $205.00 | $185.00 |
| Josh Beck | Raymond James | Raises | Outperform | $200.00 | $160.00 |
| John Blackledge | TD Cowen | Raises | Buy | $200.00 | $170.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $200.00 | $160.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $202.00 | $164.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $200.00 | $155.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $190.00 | $170.00 |
| Scott Devitt | Stifel | Raises | Buy | $196.00 | $174.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $200.00 | $160.00 |
| Doug Anmuth | JP Morgan | Raises | Overweight | $200.00 | $165.00 |
| Brent Thill | Jefferies | Raises | Buy | $200.00 | $180.00 |
| Scott Devitt | Wedbush | Raises | Outperform | $205.00 | $175.00 |
| James Lee | Mizuho | Raises | Buy | $190.00 | $170.00 |
| Brian Nowak | Morgan Stanley | Raises | Overweight | $195.00 | $165.00 |
| Mark Mahaney | Evercore ISI Group | Raises | Outperform | $220.00 | $160.00 |
| Colin Sebastian | Baird | Raises | Outperform | $200.00 | $160.00 |
| Maria Ripps | Canaccord Genuity | Raises | Buy | $210.00 | $190.00 |
| Ken Gawrelski | Wells Fargo | Raises | Equal-Weight | $168.00 | $141.00 |
| Barton Crockett | Rosenblatt | Raises | Buy | $182.00 | $172.00 |
| Laura Martin | Needham | Raises | Buy | $210.00 | $160.00 |
| Ronald Josey | Citigroup | Raises | Buy | $190.00 | $168.00 |
| Ross Sandler | Barclays | Raises | Overweight | $200.00 | $173.00 |
| Deepak Mathivanan | Wolfe Research | Raises | Outperform | $200.00 | $180.00 |
| Mark Shmulik | Bernstein | Raises | Market Perform | $180.00 | $165.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $175.00 | $165.00 |
| Brent Thill | Jefferies | Raises | Buy | $180.00 | $175.00 |
| Maria Ripps | Canaccord Genuity | Raises | Buy | $190.00 | $180.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $170.00 | $158.00 |
| Lloyd Walmsley | UBS | Raises | Neutral | $166.00 | $150.00 |
| Ronald Josey | Citigroup | Maintains | Buy | $168.00 | $168.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $160.00 | - |
| Brian Pitz | BMO Capital | Raises | Outperform | $185.00 | $178.00 |
| Scott Devitt | Wedbush | Maintains | Outperform | $175.00 | - |
| Ken Gawrelski | Wells Fargo | Lowers | Equal-Weight | $141.00 | $144.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Alphabet. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Alphabet compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Alphabet's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Alphabet's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Alphabet analyst ratings.
Get to Know Alphabet Better
Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google services account for nearly 90% of Alphabet's revenue, of which more than 85% is from online ads. Other Google services revenue is from sales of apps and content on Google Play and YouTube, as well as sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home. Google's cloud computing offerings account for a bit more than 10% of total Alphabet revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.
Alphabet: Financial Performance Dissected
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Alphabet's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 15.41%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Alphabet's net margin excels beyond industry benchmarks, reaching 29.38%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.21%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Alphabet's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.84% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Alphabet's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.1.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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