On Oct 30, major Wall Street analysts update their ratings for $Alphabet-A (GOOGL.US)$, with price targets ranging from $185 to $235.
Morgan Stanley analyst Brian Nowak maintains with a buy rating, and adjusts the target price from $190 to $205.
Goldman Sachs analyst Eric Sheridan maintains with a buy rating, and adjusts the target price from $208 to $210.
J.P. Morgan analyst Doug Anmuth maintains with a buy rating, and adjusts the target price from $208 to $212.
BofA Securities analyst Justin Post maintains with a buy rating, and adjusts the target price from $206 to $210.
Barclays analyst Ross Sandler maintains with a buy rating, and adjusts the target price from $200 to $220.
Furthermore, according to the comprehensive report, the opinions of $Alphabet-A (GOOGL.US)$'s main analysts recently are as follows:
Alphabet's third-quarter performance was robust, showcasing considerable growth in Cloud, with margins also being a highlight. Looking ahead to 2025, net revenue projections have been adjusted upwards by 2% to $332B, factoring in an anticipated higher growth in Cloud, Network, and Other revenues, albeit with a slight decrease expected in Google Properties revenue. The operating income estimates have also been revised upwards, reflecting a pronounced emphasis on cost management.
Alphabet's financial outcomes are expected to contribute to the ongoing discussion surrounding its capital expenditures and return on invested capital. Despite this, shareholder concerns persist regarding regulatory challenges faced by Google, as well as potential market share declines in its key operations, which are anticipated to limit valuation multiples. Investors are anticipated to focus on the potential for share price appreciation driven by consistent growth in earnings per share.
The firm came out of Alphabet's Q3 earnings with a more positive stance on the stock. The 12% year-over-year growth in Google Search and YouTube revenues underscore the sustained adoption of Alphabet's monetization tools as query growth progresses. Despite ongoing regulatory concerns and rising competition in generative artificial intelligence, the firm was bolstered by the Q3 outcomes.
Alphabet's recent quarter demonstrated the resilience of Search, with YouTube's performance also surpassing expectations, coupled with notable cost control. The disclosure of various emerging products, accompanied by signs of adoption, engagement, and monetization, is likely to bolster market confidence in the company's long-term strategy.
Alphabet is showing positive signs across various aspects of its operations, according to an analyst's observation. The company's advancements in artificial intelligence, a steady digital advertising market, stringent cost management alongside infrastructure investments, and robust free cash flow generation are all contributing to its upward trajectory. However, the analyst notes that the stock may experience some volatility while adjustments related to Search are implemented, due to the significant scope of its influence.
Here are the latest investment ratings and price targets for $Alphabet-A (GOOGL.US)$ from 18 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
