Trading activity in options for Alphabet Inc. (GOOG, Financial) has significantly surpassed normal levels, with 319,000 contracts exchanged. Notably, call options are prevailing over puts, resulting in a put/call ratio of 0.3, which is lower than the usual 0.57. This trend could suggest a positive outlook among investors.
The implied volatility, measured over 30 days, has decreased slightly by 0.18 to reach 28.84, which is below its median value. This implies that traders expect Alphabet's stock to experience a daily price change of approximately $3.05. Additionally, the flattening of the put-call skew supports a slightly bullish sentiment in the market for GOOG.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $201.56 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 20.20% from the current price of $167.69. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alphabet Inc (GOOG, Financial) in one year is $198.26, suggesting a upside of 18.23% from the current price of $167.69. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alphabet Inc (GOOG) Summary page.
