Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California.
Based on 37 Wall Street analysts offering 12 month price targets for Alphabet Class A in the last 3 months. The average price target is $204.74 with a high forecast of $240.00 and a low forecast of $170.00. The average price target represents a 25.09% change from the last price of $163.67.
The forecasted Google price at the end of 2024 is $215 - and the year to year change +53%. The rise from today to year-end: +21%. In the middle of 2024, we expect to see $179.
GOOG and GOOGL are stock ticker symbols for Alphabet (the company formerly known as Google). The main difference between the GOOG and GOOGL stock ticker symbols is that GOOG shares have no voting rights, while GOOGL shares do.
Alphabet stock has received a consensus rating of buy. The average rating score is and is based on 83 buy ratings, 16 hold ratings, and 0 sell ratings.
The $5,000 per share thesis is somewhat dependent on there not being an economic slowdown anytime soon – although given that many observers predict an economic boost from the recovery of the coronavirus crisis, this possibility remains unlikely.
Stock Prediction 2030. In 2030, the Alphabet Inc. stock will reach $ 470.06 if it maintains its current 10-year average growth rate. If this Alphabet Inc. stock prediction for 2030 materializes, GOOG stock will grow 192.91% from its current price.
Of the 47 analysts who recommended Amazon in June, 44 rated it a buy or a strong buy. Forecasters predict that Amazon will reach $200 per share a year from now and will continue to rise to $250 per share at the end of 2026. In 2027, the prediction is for a price of $300, and $250 by the end of 2028.
So what exactly is the difference between the two and which one should you buy? There is only one difference: GOOGL stocks grant voting rights to shareholders, offering a voice in company decisions, while GOOG stocks don't. So you should make your choice accordingly.
Alphabet Class A (GOOGL) vs Class C (GOOG): which to buy? In summary, both GOOGL and GOOG give you equal ownership in Alphabet and have performed similarly in terms of their price history. However, GOOGL does confer voting rights while GOOG doesn't and hence the former tends to trade at a slightly higher price.
Despite mounting competition in AI and internet search, Google stock advanced 58% in 2023. That was better than the 43% jump in the Nasdaq composite. The S&P 500 rose 24%. Also, Google's Relative Strength Rating currently stands at 93 out of a best-possible 99, according to IBD Stock Checkup.
As of 2024-08-09, the Fair Value of Alphabet Inc (GOOGL) is 169.85 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 162.03 USD, the upside of Alphabet Inc is 4.8%.
As of 2024-08-09, the Intrinsic Value of Alphabet Inc (GOOGL) is 244.36 USD. This Alphabet (Google) valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 163.67 USD, the upside of Alphabet Inc is 49.3%. The range of the Intrinsic Value is 144.82 - 917.41 USD.
The 38 analysts with 12-month price forecasts for Alphabet stock have an average target of 197.71, with a low estimate of 129 and a high estimate of 240. The average target predicts an increase of 22.02% from the current stock price of 162.03.
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