- YouTube's dominance in U.S. streaming highlights the sector's growth potential.
- Analyst consensus projects a 22.08% potential upside for Alphabet Inc (GOOG, Financial).
- GuruFocus estimates suggest a significant valuation upside for GOOG.
In April, streaming claimed a commanding share of TV viewing time in the U.S., as underscored by Nielsen’s latest report. YouTube, under the giant umbrella of Alphabet Inc (GOOG, GOOGL), captured a leading 12.4% share. This performance placed it ahead of renowned competitors like Netflix (NFLX) and Disney (DIS), showcasing the burgeoning influence and popularity of streaming platforms.
Wall Street Analysts Forecast
According to projections by 18 analysts, the average one-year target price for Alphabet Inc (GOOG, Financial) is set at $201.56, with estimates ranging from a high of $225.00 to a low of $185.00. This average target suggests a promising upside of 22.08% from the current trading price of $165.10. For a more comprehensive analysis, visit the Alphabet Inc (GOOG) Forecast page.
The consensus recommendation from 22 brokerage firms rates Alphabet Inc (GOOG, Financial) with an average recommendation of 1.6, indicating it's poised to "Outperform." This rating uses a scale from 1 to 5, where 1 represents a Strong Buy and 5 signifies a Sell.
According to GuruFocus estimates, the projected GF Value for Alphabet Inc (GOOG, Financial) in a year's time is $198.21. This implies a potential upside of 20.05% from its current price of $165.1. The GF Value is GuruFocus' assessment of the fair market value the stock should trade at, derived from historical trading multiples and growth patterns, in addition to future performance metrics. For further insights, visit the Alphabet Inc (GOOG) Summary page.
