- Alphabet Inc. (GOOG, Financial) faces heightened competition, impacting its search business.
- Analysts see potential risks but maintain an optimistic outlook with an "Outperform" rating.
- Hedge funds remain optimistic, considering Alphabet a top mid-cap growth prospect.
Alphabet Inc. (GOOG) is navigating a competitive landscape, with rising challenges to its search business. The company continues to launch new models, but questions linger regarding its capacity to uphold its market dominance. Drawing parallels to historical industry shifts, analysts warn of potential risks similar to those faced by Kodak. Meanwhile, hedge funds display a keen interest in Alphabet, ranking it among the top mid-cap growth stocks.
Wall Street Analysts Forecast
According to projections from 18 analysts, Alphabet Inc. (GOOG, Financial) is expected to achieve an average target price of $202.50 within a year. This forecast includes a high estimate of $225.00 and a low estimate of $185.00, indicating a potential upside of 21.95% from the current price of $166.05. Further insights and estimates are detailed on the Alphabet Inc (GOOG) Forecast page.
Alphabet Inc.'s (GOOG, Financial) average brokerage recommendation is at 1.6, based on analysis from 22 brokerage firms, which denotes an "Outperform" status. The recommendation scale ranges from 1 (Strong Buy) to 5 (Sell), illustrating a positive market sentiment towards Alphabet.
GuruFocus estimates a future GF Value of $198.28 for Alphabet Inc. (GOOG, Financial), suggesting a 19.41% upside from the current $166.05 price point. The GF Value represents GuruFocus' calculated fair value based on historical trading multiples and anticipated business growth, providing investors with a metric for evaluating potential stock performance. More comprehensive data is available on the Alphabet Inc (GOOG) Summary page.
