Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.
Google stock last closed at $176.06, up 1.08% from the previous day, and has increased 45.7% in one year. It has overperformed other stocks in the Internet Content & Information industry by 0.12 percentage points. Google stock is currently +52.63% from its 52-week low of $115.35, and -0.12% from its 52-week high of $176.27.
There are currently 12.36B shares of GOOGL outstanding. The market capitalization of GOOGL is $2.18T. In the past 24 hours, 22.21M GOOGL shares were traded.
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Once you have decided on the best place to buy Google stock, it's important to analyze their stock prior to investing, so you can wrap your head around the risk as well as the opportunity.
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You can view all of the due diligence checks on GOOGL's stock page.
You can use many financial metrics, analyses, models, and charts to gauge GOOGL's fair value.
Using relative valuations ratios:
You can access more valuation analysis on GOOGL's stock here.
Out of 32 Equities analysts who give ratings on GOOGL, the consensus analyst rating on Google is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Joseph Bonner, a top 19% analyst from Argus Research maintains GOOGL with a strong buy rating and raises their GOOGL price target from $170.00 to $200.00, on Apr 30, 2024.
Argus Research's Joseph Bonner raised their price target on Google (NASDAQ: GOOGL) by 17.6% from $170 to $200 on 2024/04/30. The analyst maintained their Strong Buy rating on the stock.
Google reported its Q1 2024 earnings on 2024/04/25.
Referencing the print in connection with their price target move, Bonner cited quarterly operating income growth of 46% against 16% revenue growth, the result of "margins benefiting from cost optimization efforts during the year."
Looking ahead, the analyst said that "Google remains an advertising juggernaut in spite of possible serious threats from competing gen AI platforms to its Search business and antitrust litigation/regulatory pressure."
Further, Bonner said that YouTube and Google Cloud are "doing just fine as the company spikes investment in its own competitive AI applications as well as compute infrastructure."
For Q1 2024, Google reported:
In terms of financial guidance, President & CFO Ruth Porat said:
"Looking ahead, we remain focused on our efforts to moderate the pace of expense growth in order to create capacity for the increases in depreciation and expenses associated with the higher levels of investment in our technical infrastructure. We believe these efforts will enable us to deliver FY 2024 Alphabet operating margin expansion relative to 2023.
"With respect to Capex, our reported CapeEx in Q1 was $12B, once again driven overwhelmingly by investment in our technical infrastructure, with the largest component for servers, followed by data centers.
"The significant Y/Y growth in Capex in recent quarters reflects our confidence in the opportunities offered by AI across our business.
"We expect quarterly CapeEx throughout the year to be roughly at or above the Q1 level, keeping in mind that the timing of cash payments can cause variability in quarterly reported Capex."
Commenting on Q1, CEO Sundar Pichai said: “Our results in Q1 reflect strong performance from Search, YouTube and Cloud.
"We are well under way with our Gemini era and there’s great momentum across the company.
"Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation.”
Shyam Patil, a top 13% analyst from Susquehanna maintains GOOGL with a strong buy rating and raises their GOOGL price target from $170.00 to $225.00, on Apr 29, 2024.
Jason Helfstein, a top 2% analyst from Oppenheimer maintains GOOGL with a buy rating and raises their GOOGL price target from $185.00 to $205.00, on Apr 26, 2024.
Josh Beck, a top 3% analyst from Raymond James maintains GOOGL with a buy rating and raises their GOOGL price target from $160.00 to $200.00, on Apr 26, 2024.
John Blackledge, a bottom 5% analyst from TD Cowen maintains GOOGL with a strong buy rating and raises their GOOGL price target from $170.00 to $200.00, on Apr 26, 2024.
You can dive deeper into what analysts are saying on the Google stock forecast page.
Last year, GOOGL earnings were $82.41B. During the past five year, GOOGL's earnings have grown by 26.69% per year. This was faster than the Internet Content & Information industry average of 22.55%.
Last year, GOOGL revenue was $318.15B. Over the last five year, GOOGL's revenue has gone up by 17.51% per year. This was slower than the Internet Content & Information industry average of 19.61%.
Find out more about GOOGL's earnings and revenue performance here.
Over the past 12 months, executives and large shareholders at GOOGL have sold more shares than they have bought.
Sundar Pichai, Chief Executive Officer of GOOGL, was the latest GOOGL insider to sell. They sold $1,728,531.14 worth of GOOGL shares on May 15, 2024.
Get more info about who owns GOOGL shares here.
No, Google doesn't provide an income stream by paying out dividends.
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