Navigating 32 Analyst Ratings For Alphabet

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Alphabet GOOGL underwent analysis by 32 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.

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 9 15 8 0 0
Last 30D 0 1 0 0 0
1M Ago 0 0 0 0 0
2M Ago 7 8 4 0 0
3M Ago 2 6 4 0 0

Analysts have set 12-month price targets for Alphabet, revealing an average target of $204.88, a high estimate of $225.00, and a low estimate of $182.00. This upward trend is evident, with the current average reflecting a 1.82% increase from the previous average price target of $201.22.

price target chart

Deciphering Analyst Ratings: An In-Depth Analysis

A comprehensive examination of how financial experts perceive Alphabet is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Colin Sebastian Baird Maintains Outperform $205.00 $205.00
Alan Gould Loop Capital Raises Hold $185.00 $170.00
Michael Levine Pivotal Research Raises Buy $225.00 $215.00
Mark Shmulik Bernstein Raises Market Perform $185.00 $180.00
Andrew Boone JMP Securities Raises Market Outperform $220.00 $200.00
Deepak Mathivanan Cantor Fitzgerald Maintains Neutral $190.00 $190.00
Rohit Kulkarni Roth MKM Raises Buy $212.00 $206.00
Justin Patterson Keybanc Raises Overweight $215.00 $200.00
Thomas Champion Piper Sandler Raises Overweight $210.00 $200.00
Brad Erickson RBC Capital Raises Outperform $210.00 $204.00
Youssef Squali Truist Securities Raises Buy $225.00 $220.00
Ken Gawrelski Wells Fargo Raises Equal-Weight $187.00 $182.00
Mark Mahaney Evercore ISI Group Raises Outperform $205.00 $200.00
Brian Pitz BMO Capital Raises Outperform $217.00 $215.00
Brian Nowak Morgan Stanley Raises Overweight $205.00 $190.00
Justin Post B of A Securities Raises Buy $210.00 $206.00
Laura Martin Needham Maintains Buy $210.00 $210.00
Scott Devitt Wedbush Maintains Outperform $205.00 $205.00
Youssef Squali Truist Securities Raises Buy $220.00 $196.00
Laura Martin Needham Maintains Buy $210.00 $210.00
Deepak Mathivanan Cantor Fitzgerald Maintains Neutral $190.00 $190.00
Brian Pitz BMO Capital Lowers Outperform $215.00 $222.00
Ken Gawrelski Wells Fargo Lowers Equal-Weight $182.00 $190.00
Thomas Champion Piper Sandler Maintains Overweight $200.00 $200.00
Deepak Mathivanan Cantor Fitzgerald Maintains Neutral $190.00 $190.00
Ivan Feinseth Tigress Financial Raises Strong Buy $220.00 $210.00
Andrew Boone JMP Securities Maintains Market Outperform $200.00 $200.00
Deepak Mathivanan Cantor Fitzgerald Maintains Neutral $190.00 $190.00
Youssef Squali Truist Securities Maintains Buy $196.00 $196.00
Andrew Boone JMP Securities Maintains Market Outperform $200.00 $200.00
Brian Pitz BMO Capital Maintains Outperform $222.00 $222.00
Mark Mahaney Evercore ISI Group Lowers Outperform $200.00 $225.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Alphabet. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Alphabet compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Alphabet's stock. This comparison reveals trends 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.

About Alphabet

Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

Financial Milestones: Alphabet's Journey

Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.

Revenue Growth: Over the 3 months period, Alphabet showcased positive performance, achieving a revenue growth rate of 15.09% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Communication Services sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 29.8%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.55%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 6.22%, the company showcases effective utilization of assets.

Debt Management: Alphabet's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.09.

Analyst Ratings: Simplified

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

Which Stocks Are Analysts Recommending Now?

Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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