Alphabet Inc (NASDAQ: GOOGL) Shares Are Heading Higher

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In today’s recent session, 10.23 million shares of the Alphabet Inc (NASDAQ:GOOGL) have been traded, and its beta is 1.01. Most recently the company’s share price was $171.29, and it changed around -$1.21 or -0.70% from the last close, which brings the market valuation of the company to $2116.80B. GOOGL at last check was trading at a discount to its 52-week high of $178.77, offering almost -4.37% off that amount. The share price’s 52-week low was $115.35, which indicates that the recent value has risen by an impressive 32.66% since then. We note from Alphabet Inc’s average daily trading volume that its 3-month average coming to 29.30 million.

Alphabet Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.59. 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.

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Alphabet Inc (NASDAQ:GOOGL) trade information

Instantly GOOGL has been showing red trend so far today with a performance of -0.70% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 22.62% year-to-date, but still down -2.11% over the last five days. On the other hand, Alphabet Inc (NASDAQ:GOOGL) is 2.80% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $149.68, which translates to bulls needing to decrease their stock price by -14.44% from its current value. Analyst projections state that GOOGL is forecast to be at a low of $59 and a high of $215.

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 29.25 percent over the past six months and at a 31.03% annual growth rate that is well above the industry average of 20.90%.

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 30.03% in 2024, but the outlook is positive 19.70% per year for the next five years.

GOOGL Dividends

Alphabet Inc’s next quarterly earnings report is expected to be released in July.

Alphabet Inc (NASDAQ:GOOGL)’s Major holders