Alphabet Inc [GOOG] stock is trading at $165.93, up 1.21%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GOOG shares have gain 3.36% over the last week, with a monthly amount drifted -11.83%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alphabet Inc [NASDAQ: GOOG] stock has seen the most recent analyst activity on July 10, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $220 from $200. Previously, Rosenblatt downgraded its rating to Neutral on June 28, 2024, and kept the price target unchanged to $181. On April 08, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $185 on the stock. BofA Securities reiterated its recommendation of a Buy and raised its price target to $119 on January 31, 2023. Credit Suisse reiterated a Outperform rating for this stock on October 11, 2022, and downed its price target to $134. In a note dated July 18, 2022, MKM Partners reiterated an Buy rating on this stock and revised its target price from $165 to $140.
Alphabet Inc [GOOG] stock has fluctuated between $121.46 and $193.31 over the past year. Currently, Wall Street analysts expect the stock to reach $157.15 within the next 12 months. Alphabet Inc [NASDAQ: GOOG] shares were valued at $165.93 at the most recent close of the market. An investor can expect a potential drop of -5.29% based on the average GOOG price forecast.
Analyzing the GOOG fundamentals
Alphabet Inc [NASDAQ:GOOG] reported sales of 327.96B for the trailing twelve months, which represents a growth of 13.46%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.3 and Total Capital is 0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 164.95 points at the first support level, and at 163.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 166.72, and for the 2nd resistance point, it is at 167.52.
Ratios To Look Out For
For context, Alphabet Inc’s Current Ratio is 2.08. As well, the Quick Ratio is 2.08, while the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 6.23, the price to book ratio is 6.80 and price to earnings (TTM) ratio is 23.80.
Transactions by insiders
Recent insider trading involved HENNESSY JOHN L, Director, that happened on Aug 12 ’24 when 1500.0 shares were purchased. Director, HENNESSY JOHN L completed a deal on Aug 12 ’24 to sell 800.0 shares. Meanwhile, Director SUNDAR PICHAI bought 22500.0 shares on Aug 07 ’24.
