Alphabet Inc. (GOOGL) Price Targets: What Do They Mean?


As of Wednesday close, Alphabet Inc.’s (NASDAQ:GOOGL) stock was up $1.41, moving up 1.45 percent to $98.46. The average number of shares traded per day over the past five days has been 23,669,701 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.39 fall in that time frame. In the last twenty days, the average volume was 37,647,840, while in the previous 50 days, it was 33,521,527.

Since last month, GOOGL stock retreated -5.76%. Shares of the company fell to $83.34 on 11/03/22, the lowest level in the past month. A 52-week high of $151.55 was reached on 02/02/22 after having rallying from a 52-week low of $83.34. Since the beginning of this year, GOOGL’s stock price has dropped by -32.03% or -$46.39, and marked a new high 3 times. However, the stock has declined by -35.03% since its 52-week high.

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GOOGL stock investors should be aware that Alphabet Inc. (GOOGL) stock had its last reported insider trading activity 16 days ago on Nov 09. GV 2021 GP, L.L.C., the Member of 10% Group of the company, purchased of 182,312 shares for $34.60 on Nov 09. It resulted in a $6,307,812 investment by the insider. GV 2021 GP, L.L.C. added 39,423 shares at an average price of $36.23 on Nov 08. The insider now owns 1,112,215 shares following the transaction. On Nov 07, Member of 10% Group GV 2021 GP, L.L.C. bought 201,897 shares at $35.16 apiece. The transaction was valued at $7,098,803.

Valuation Metrics

Right now, Alphabet Inc. (GOOGL) has a P/E ratio of about 20.18. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 4.56, the price-to-book (PB) ratio of 5.05, and the price-to-cash flow ratio of 20.58 may also be considered.

Financial Health

In the three months ended September 29, Alphabet Inc.’s quick ratio stood at 2.50, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.06, and the total debt-to-equity ratio was 0.06. On the profitability front, the trailing twelve-month gross margin is 56.10% percent. In the year ended September 29, operating margins totaled 27.80%. Based on annual data, GOOGL earned $146.7 billion in gross profit and brought in $257.64 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.00%. Return on equity (ROE) for the past 12 months was 26.40%.

In Alphabet Inc.’s quarter-end financial report for September 29, it reported total debt of $13.93 billion against cash and short-term investments of $110.23 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GOOGL’s revenue rose 19.02% to $46.17 billion during the quarter, while net income inched up to $56.9 billion. While analysts expected Alphabet Inc. to report $1.25 quarterly earnings, the actual figure was $1.06 per share, beating the consensus estimate by -15.20%. During the quarter, the company generated $21.18 billion in EBITDA. The liabilities of Alphabet Inc. were 104.63 billion at the end of its most recent quarter ended September 29, and its total debt was $29.34 billion. The value of shareholders’ equity is $12.94 billion.

Technical Picture

This quick technical analysis looks at Alphabet Inc.’s (GOOGL) price momentum. With a historical volatility rate of 24.48%, the RSI 9-day stood at 59.20% on 23 November.

With respect to its five-day moving average, the current Alphabet Inc. price is down by -0.39% percent or -$0.39. At present, GOOGL shares trade +3.72% above its 20-day simple moving average and -13.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.23% below its SMA50 and -29.37% below its SMA200.

Stochastic coefficient K was 81.45% and Stochastic coefficient D was 81.01%, while ATR was 3.07. Given the Stochastic reading of 89.77% for the 14-day period, the RSI (14) reading has been calculated as 54.75%. As of today, the MACD Oscillator reading stands at -0.33, while the 14-day reading stands at 2.64.

Analyst Ratings

Wells Fargo reiterated its an Overweight rating on Alphabet Inc. (NASDAQ: GOOGL) in a note to investors. The analysts firm has however raised their price target to $160, representing a possible 42.08% increase in the stock price. Alphabet Inc. (GOOGL) has been rated Buy by analysts. According to 0 brokerage firms, GOOGL is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 8 analysts rate Alphabet Inc. stock as buy, with 36 recommending it as overweight.

With a median target price of $124.00, the current consensus forecast for the stock is $93.00 – $165.00. Based on these forecasts, analysts predict Alphabet Inc. (GOOGL) will achieve an average price target of $125.67.


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