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Alphabet (GOOG) Stock Forecast & Price Target

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$169.49 -7.84 (-4.42%)
(As of 11/21/2024 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
5
Buy
16

Based on 21 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 21 analysts, 5 have given a hold rating, 13 have given a buy rating, and 3 have given a strong buy rating for GOOG.

Consensus Price Target

$200.56
18.33% Upside
According to the 21 analysts' twelve-month price targets for Alphabet, the average price target is $200.56. The highest price target for GOOG is $235.00, while the lowest price target for GOOG is $160.00. The average price target represents a forecasted upside of 18.33% from the current price of $169.49.
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GOOG Analyst Ratings Over Time

TypeCurrent Forecast
11/23/23 to 11/22/24
1 Month Ago
10/24/23 to 10/23/24
3 Months Ago
8/25/23 to 8/24/24
1 Year Ago
11/23/22 to 11/23/23
Strong Buy
3 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
8 Buy rating(s)
6 Buy rating(s)
10 Buy rating(s)
Hold
5 Hold rating(s)
4 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$200.56$186.90$182.86$130.69
Forecasted Upside18.33% Upside13.63% Upside9.21% Upside-6.67% Downside
Consensus Rating
Moderate Buy
Moderate Buy
Buy
Buy

GOOG 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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GOOG 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
2.90
2.68
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside18.33% Upside546.88% Upside8.51% Upside
News Sentiment Rating
Positive News

See Recent GOOG News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/1/2024Phillip Securities
0 of 5 stars
J. Woo
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UpgradeStrong-Buy
10/30/2024Oppenheimer
3 of 5 stars
 Boost TargetOutperform ➝ Outperform$185.00 ➝ $215.00+18.50%
10/30/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$208.00 ➝ $212.00+23.88%
10/30/2024Barclays
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 Boost TargetOverweight ➝ Overweight$200.00 ➝ $220.00+28.55%
10/30/2024Citigroup
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 Boost TargetBuy ➝ Buy$212.00 ➝ $216.00+26.21%
10/30/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$182.00 ➝ $187.00+9.27%
10/30/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$220.00 ➝ $225.00+31.47%
10/30/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$187.00 ➝ $192.00+12.19%
10/30/2024Pivotal Research
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J. Wlodarczak
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Boost TargetBuy ➝ Buy$215.00 ➝ $225.00+31.47%
10/30/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$220.00 ➝ $235.00+37.31%
10/29/2024Seaport Res Ptn
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A. Kessler
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UpgradeHold ➝ Strong-Buy
10/11/2024Scotiabank
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N. Schindler
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Initiated CoverageSector Outperform$212.00+29.92%
9/10/2024DA Davidson
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G. Luria
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UpgradeHold
9/5/2024Cantor Fitzgerald
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D. Mathivanan
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UpgradeHold
7/16/2024Wolfe Research
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S. Khajuria
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UpgradeStrong-Buy
7/10/2024TD Cowen
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 Boost TargetBuy ➝ Buy$200.00 ➝ $220.00+14.83%
6/28/2024Rosenblatt Securities
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B. Crockett
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DowngradeBuy ➝ Neutral$181.00-3.14%
4/16/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$154.00 ➝ $174.00+11.30%
4/11/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$165.00+4.02%
1/31/2024Susquehanna
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 Boost TargetPositive ➝ Positive$150.00 ➝ $170.00+11.07%
1/24/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$150.00 ➝ $160.00+6.32%
8/21/2023Wedbush
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 Initiated CoverageOutperform
7/26/2023Robert W. Baird
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 Boost Target$123.00 ➝ $140.00+7.83%
4/26/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$120.00 ➝ $125.00+18.83%
2/6/2023Sanford C. Bernstein
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Mark Shmulik
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Set Target$130.00+25.29%
2/3/2023Roth Capital
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R. Kulkarni
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Reiterated RatingBuy
2/3/2023The Goldman Sachs Group
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Eric Sheridan
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Set Target$128.00+17.65%
2/3/2023Credit Suisse Group
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Stephen Ju
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Set Target$136.00+25.00%
2/3/2023Royal Bank of Canada
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Brad Erickson
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Set Target$130.00+19.49%
2/3/2023Piper Sandler
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 Lower TargetOverweight$122.00 ➝ $120.00+10.29%
1/31/2023Bank of America
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 Boost TargetBuy$116.00 ➝ $119.00+20.96%
1/11/2023Cowen
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 Lower TargetOutperform$135.00 ➝ $125.00+40.07%
11/30/2022Societe Generale
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 Lower TargetBuy$147.00 ➝ $132.00+38.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:59 AM ET.


Should I Buy Alphabet Stock? GOOG 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 Wednesday, November 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's diversified revenue streams through Google Services, Google Cloud, and Other Bets segments provide stability and potential for growth.
  • Google's focus on AI, cybersecurity, and cloud services positions it well in the rapidly evolving tech industry.
  • Recent reports indicate that Google's share of the search ad market could drop below 50%, potentially leading to increased competition and innovation within the company.
  • Google's strong presence in various regions globally offers geographic diversification and market penetration opportunities.
  • Investors may find Google's current stock price attractive for potential long-term gains, considering the company's historical performance and market position.

Alphabet
Bear Case

red Wall Street bear icon

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

  • Increased competition in the advertising market, particularly in search ads, could impact Google's market share and revenue growth.
  • Regulatory challenges and antitrust scrutiny may pose risks to Google's business operations and future strategies.
  • Fluctuations in tech industry trends and consumer preferences could affect Google's product adoption and revenue streams.
  • Investors should carefully monitor Google's investments in Other Bets segments, as these ventures may carry higher risks and uncertainties compared to core business operations.
  • Market volatility and macroeconomic factors could influence Google's stock performance, requiring a cautious approach to investment decisions.

GOOG Forecast - Frequently Asked Questions

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Alphabet is $200.56, with a high forecast of $235.00 and a low forecast of $160.00.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last year. There are currently 5 hold ratings, 13 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GOOG shares.

According to analysts, Alphabet's stock has a predicted upside of 18.33% based on their 12-month stock forecasts.

Over the previous 90 days, Alphabet's stock had 4 upgrades by analysts.

Analysts like Alphabet more than other "computer and technology" companies. The consensus rating score for Alphabet is 2.90 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how GOOG compares to other companies.


This page (NASDAQ:GOOG) was last updated on 11/22/2024 by MarketBeat.com Staff
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