Ratings for Alphabet GOOGL were provided by 40 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 13 | 17 | 10 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 7 | 9 | 4 | 0 | 0 |
| 2M Ago | 2 | 6 | 4 | 0 | 0 |
| 3M Ago | 4 | 2 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $203.55, a high estimate of $225.00, and a low estimate of $170.00. Marking an increase of 0.64%, the current average surpasses the previous average price target of $202.26.
Diving into Analyst Ratings: An In-Depth Exploration
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 |
|---|---|---|---|---|---|
| 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 |
| Gil Luria | DA Davidson | Announces | Neutral | $170.00 | - |
| Thomas Champion | Piper Sandler | Lowers | Overweight | $200.00 | $206.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Announces | Neutral | $190.00 | - |
| Scott Devitt | Wedbush | Maintains | Outperform | $205.00 | $205.00 |
| 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 |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey 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.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Alphabet's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Alphabet analyst ratings.
All You Need to Know 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.
Understanding the Numbers: Alphabet's Finances
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Alphabet's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 15.09%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Communication Services sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Alphabet's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 29.8% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Alphabet's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.55% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Alphabet's ROA excels beyond industry benchmarks, reaching 6.22%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.09.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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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