Providing a diverse range of perspectives from bullish to bearish, 38 analysts have published ratings on Alphabet GOOGL in the last three months.
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 | 18 | 14 | 6 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 5 | 1 | 0 | 0 | 0 |
| 2M Ago | 9 | 11 | 4 | 0 | 0 |
| 3M Ago | 4 | 1 | 2 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $205.42, a high estimate of $240.00, and a low estimate of $170.00. Marking an increase of 2.18%, the current average surpasses the previous average price target of $201.03.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Alphabet by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brian Nowak | Morgan Stanley | Lowers | Overweight | $190.00 | $205.00 |
| Laura Martin | Needham | Maintains | Buy | $210.00 | $210.00 |
| Rohit Kulkarni | Roth MKM | Maintains | Buy | $206.00 | $206.00 |
| Laura Martin | Needham | Maintains | Buy | $210.00 | $210.00 |
| Laura Martin | Needham | Maintains | Buy | $210.00 | $210.00 |
| Brian Pitz | BMO Capital | Maintains | Outperform | $222.00 | $222.00 |
| Laura Martin | Needham | Maintains | Buy | $210.00 | $210.00 |
| Laura Martin | Needham | Maintains | Buy | $210.00 | $210.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $200.00 | $200.00 |
| Michael Morris | Guggenheim | Raises | Buy | $205.00 | $195.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $200.00 | $200.00 |
| Scott Devitt | Wedbush | Maintains | Outperform | $205.00 | $205.00 |
| Ronald Josey | Citigroup | Raises | Buy | $212.00 | $190.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $204.00 | $200.00 |
| Lloyd Walmsley | UBS | Raises | Neutral | $204.00 | $200.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $206.00 | $202.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $206.00 | $200.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $196.00 | $190.00 |
| Doug Anmuth | JP Morgan | Raises | Overweight | $208.00 | $200.00 |
| Ken Gawrelski | Wells Fargo | Raises | Equal-Weight | $190.00 | $187.00 |
| Brian Nowak | Morgan Stanley | Lowers | Overweight | $205.00 | $210.00 |
| Barton Crockett | Rosenblatt | Maintains | Neutral | $181.00 | $181.00 |
| Laura Martin | Needham | Maintains | Buy | $210.00 | $210.00 |
| Brian Nowak | Morgan Stanley | Raises | Overweight | $210.00 | $195.00 |
| Laura Martin | Needham | Maintains | Buy | $210.00 | $210.00 |
| Scott Devitt | Wedbush | Maintains | Outperform | $205.00 | $205.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $222.00 | $215.00 |
| Justin Post | B of A Securities | Raises | Buy | $206.00 | $200.00 |
| Joseph Bonner | Argus Research | Raises | Buy | $215.00 | $200.00 |
| Shweta Khajuria | Wolfe Research | Announces | Outperform | $240.00 | - |
| Ken Gawrelski | Wells Fargo | Raises | Equal-Weight | $187.00 | $168.00 |
| Alan Gould | Loop Capital | Maintains | Hold | $170.00 | $170.00 |
| Laura Martin | Needham | Maintains | Buy | $210.00 | $210.00 |
| Barton Crockett | Rosenblatt | Lowers | Neutral | $181.00 | $182.00 |
| Laura Martin | Needham | Maintains | Buy | $210.00 | $210.00 |
| 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 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Alphabet. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Alphabet compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Alphabet's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Alphabet's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Alphabet analyst ratings.
Unveiling the Story Behind 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.
Alphabet: Delving into Financials
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Alphabet's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.59% as of 30 June, 2024, showcasing a substantial increase in 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: Alphabet's net margin excels beyond industry benchmarks, reaching 27.87%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Alphabet's ROE excels beyond industry benchmarks, reaching 7.96%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Alphabet's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.75%, the company showcases efficient use of assets and strong financial health.
Debt Management: Alphabet's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.09.
The Significance of Analyst Ratings Explained
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
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.
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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