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Alphabet (GOOGL) Stock Forecast & Price Target

$163.24
+1.16 (+0.72%)
(As of 10/11/2024 ET)

Alphabet - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
8
Buy
31

Based on 39 Wall Street analysts who have issued ratings for Alphabet in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 39 analysts, 8 have given a hold rating, 28 have given a buy rating, and 3 have given a strong buy rating for GOOGL.

Consensus Price Target

$200.95
23.10% Upside
According to the 39 analysts' twelve-month price targets for Alphabet, the average price target is $200.95. The highest price target for GOOGL is $240.00, while the lowest price target for GOOGL is $165.00. The average price target represents a forecasted upside of 23.10% from the current price of $163.24.
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GOOGL Analyst Ratings Over Time

TypeCurrent Forecast
10/13/23 to 10/12/24
1 Month Ago
9/13/23 to 9/12/24
3 Months Ago
7/15/23 to 7/14/24
1 Year Ago
10/13/22 to 10/13/23
Strong Buy
3 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
28 Buy rating(s)
28 Buy rating(s)
29 Buy rating(s)
30 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$200.95$201.76$195.06$144.27
Forecasted Upside23.10% Upside30.43% Upside5.40% Upside5.03% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

GOOGL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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GOOGL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Alphabet Stock vs. The Competition

TypeAlphabetComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.84
2.66
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside23.10% Upside1,681.66% Upside6.82% Upside
News Sentiment Rating
Neutral News

See Recent GOOGL News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/11/2024Scotiabank
5 of 5 stars
N. Schindler
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UpgradeStrong-Buy
10/9/2024BMO Capital Markets
4 of 5 stars
 Lower TargetOutperform ➝ Outperform$222.00 ➝ $215.00+32.95%
10/7/2024Cantor Fitzgerald
3 of 5 stars
D. Mathivanan
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Reiterated RatingNeutral ➝ Neutral$190.00 ➝ $190.00+13.90%
10/2/2024Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$190.00 ➝ $182.00+10.08%
10/1/2024Pivotal Research
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J. Wlodarczak
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UpgradeStrong-Buy
9/30/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$200.00 ➝ $200.00+21.57%
9/26/2024Tigress Financial
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 Boost TargetStrong-Buy ➝ Strong-Buy$210.00 ➝ $220.00+35.05%
9/25/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$200.00 ➝ $200.00+23.66%
9/16/2024Truist Financial
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 Reiterated RatingBuy ➝ Buy$196.00 ➝ $196.00+24.35%
9/16/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$225.00 ➝ $200.00+27.02%
9/10/2024DA Davidson
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G. Luria
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Initiated CoverageNeutral$170.00+14.32%
9/5/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$205.00 ➝ $205.00+31.03%
9/3/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$205.00 ➝ $190.00+16.29%
8/30/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$210.00 ➝ $210.00+29.73%
8/29/2024Roth Mkm
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 Reiterated RatingBuy ➝ Buy$206.00 ➝ $206.00+24.44%
7/24/2024Citigroup
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 Boost TargetBuy ➝ Buy$190.00 ➝ $212.00+22.82%
7/24/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$200.00 ➝ $204.00+17.31%
7/24/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$200.00 ➝ $204.00+17.31%
7/24/2024Mizuho
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 Boost TargetOutperform$205.00 ➝ $210.00+20.76%
7/24/2024Guggenheim
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 Boost TargetBuy ➝ Buy$195.00 ➝ $205.00+17.88%
7/24/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$200.00 ➝ $208.00+14.42%
7/24/2024Rosenblatt Securities
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B. Crockett
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Reiterated RatingNeutral ➝ Neutral$181.00 ➝ $181.00-0.43%
7/17/2024Bank of America
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 Boost TargetBuy ➝ Buy$200.00 ➝ $206.00+12.01%
7/16/2024Argus
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 Boost TargetBuy ➝ Buy$200.00 ➝ $215.00+15.47%
7/16/2024Wolfe Research
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S. Khajuria
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Initiated CoverageOutperform$240.00+28.67%
7/10/2024TD Securities
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 Boost Target$200.00 ➝ $220.00+15.15%
7/9/2024Jefferies Financial Group
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 Boost Target$215.00 ➝ $220.00+15.64%
7/3/2024Loop Capital
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 Reiterated RatingHold ➝ Hold$170.00 ➝ $170.00-8.23%
5/15/2024Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$196.00 ➝ $196.00+15.06%
4/29/2024Susquehanna
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 Boost TargetPositive ➝ Positive$170.00 ➝ $225.00+32.55%
4/26/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$185.00 ➝ $205.00+19.65%
4/26/2024TD Cowen
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 Boost TargetBuy ➝ Buy$170.00 ➝ $200.00+16.10%
4/26/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$160.00 ➝ $200.00+16.10%
4/26/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$190.00 ➝ $210.00+34.62%
4/26/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$160.00 ➝ $200.00+28.21%
4/26/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$165.00 ➝ $180.00+15.38%
4/26/2024Barclays
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 Boost TargetOverweight ➝ Overweight$173.00 ➝ $200.00+28.21%
4/22/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$165.00 ➝ $175.00+13.57%
1/31/2024Redburn Atlantic
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 Boost TargetBuy ➝ Buy$150.00 ➝ $165.00+8.94%
10/25/2023Monness Crespi & Hardt
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 DowngradeBuy ➝ Neutral
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7/17/2023Credit Suisse Group
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 Boost TargetOutperform$135.00 ➝ $150.00+19.60%
7/17/2023The Goldman Sachs Group
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 Boost TargetBuy$132.00 ➝ $140.00+11.62%
6/27/202351job
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 Reiterated RatingDowngrade
6/26/2023888
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 Reiterated RatingDowngrade
3/17/2023BNP Paribas
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 UpgradeNeutral ➝ Outperform$123.00+22.61%
2/3/2023Roth Capital
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R. Kulkarni
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Reiterated RatingBuy
2/3/2023MKM Partners
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Rohit Kulkarni
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Boost Target$120.00 ➝ $126.00+16.95%
1/4/2023New Street Research
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 Initiated CoverageBuy$118.00+32.41%
10/27/2022Cowen
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 Lower Target$135.00+46.98%
10/27/2022Atlantic Securities
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 Lower Target$115.00+25.20%
10/26/2022Susquehanna Bancshares
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 Lower TargetPositive$150.00 ➝ $120.00+23.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:25 PM ET.


Should I Buy Alphabet Stock? GOOGL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 6, 2024. Please send any questions or comments about these Alphabet pros and cons to contact@marketbeat.com.

Alphabet
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Google:

  • Google is testing verified check marks in search results, enhancing user trust and potentially increasing traffic.
  • Google's innovative technologies and strong market position offer long-term growth potential.
  • Recent positive earnings reports indicate financial stability and growth prospects.
  • Google's diverse revenue streams, including advertising and cloud services, provide resilience in various market conditions.
  • Current stock price of Google (GOOGL) is showing an upward trend, presenting a potential buying opportunity.

Alphabet
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Google for these reasons:

  • Increased regulatory scrutiny on Google's market dominance may lead to legal challenges and potential fines.
  • Competition in the tech industry is intense, with rivals constantly innovating and challenging Google's market share.
  • Concerns about data privacy and security could impact user trust and lead to regulatory actions against Google.
  • Market volatility and economic uncertainties may affect Google's advertising revenue, a significant source of income.
  • Google's expansion into new ventures may face challenges and require significant investments with uncertain returns.

GOOGL Forecast - Frequently Asked Questions

According to the research reports of 39 Wall Street equities research analysts, the average twelve-month stock price forecast for Alphabet is $200.95, with a high forecast of $240.00 and a low forecast of $165.00.

39 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last twelve months. There are currently 8 hold ratings, 28 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GOOGL shares.

According to analysts, Alphabet's stock has a predicted upside of 23.10% based on their 12-month stock forecasts.

Over the previous 90 days, Alphabet's stock had 2 upgrades by analysts.

Analysts like Alphabet more than other "computer and technology" companies. The consensus rating score for Alphabet is 2.87 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how GOOGL compares to other companies.


This page (NASDAQ:GOOGL) was last updated on 10/12/2024 by MarketBeat.com Staff
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