Alphabet (GOOG, Financial) experienced a decrease in its share price, dropping by $1.84 to approximately $169.03. The day's options trading saw a volume of about 510,000 contracts, aligning with the typical average. Calls outnumbered puts, resulting in a put/call ratio of 0.41, a bit lower than the usual 0.47.
The implied volatility for the next 30 days, known as IV30, fell by 0.44 to a level of 30.93, which remains above the median for the past year. This suggests an anticipated daily price movement of $3.29. The steepening put-call skew highlights an increased interest in downside protection as traders seek safety against potential declines.
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 18.36% from the current price of $170.29. 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 $198.21, suggesting a upside of 16.4% from the current price of $170.285. 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.
