Let’s Discuss The Alphabet Inc (NASDAQ: GOOGL) Stock Forecast.

In the last trading session, 26.41 million shares of the Alphabet Inc (NASDAQ:GOOGL) were traded, and its beta was 1.03. Most recently the company’s share price was $156.28, and it changed around $2.19 or 1.42% from the last close, which brings the market valuation of the company to $1943.03B. GOOGL currently trades at a discount to its 52-week high of $160.22, offering almost -2.52% off that amount. The share price’s 52-week low was $102.63, which indicates that the current value has risen by an impressive 34.33% since then. We note from Alphabet Inc’s average daily trading volume that its 3-month average coming to 31.41 million.

Alphabet Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.55. If we narrow it down even further, the data shows that 0 out of 43 analysts rate the stock as a Sell; another 13 rate it as Overweight. Among the rest, 5 recommended GOOGL as a Hold, whereas 25 deemed it a Buy, and 0 rated it as Underweight. Alphabet Inc is expected to report earnings per share of $Alphabet Inc. for the current quarter.

Alphabet Inc (NASDAQ:GOOGL) trade information

Instantly GOOGL has showed a green trend with a performance of 1.42% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 11.88% year-to-date, but still up 0.92% over the last five days. On the other hand, Alphabet Inc (NASDAQ:GOOGL) is 5.88% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $143.95, which translates to bulls needing to decrease their stock price by -8.57% from its current value. Analyst projections state that GOOGL is forecast to be at a low of $59 and a high of $185.

Alphabet Inc (GOOGL) estimates and forecasts

Alphabet Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 13.45 percent over the past six months and at a 16.90% annual growth rate that is well above the industry average of 15.00%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 21.56%. Alphabet Inc earnings are expected to increase by 17.77% in 2024, but the outlook is positive 19.25% per year for the next five years.

GOOGL Dividends

Alphabet Inc’s next quarterly earnings report is expected to be released on April 25.