Alphabet (GOOG, Financial) experienced modest gains with its stock price rising by 12 cents, a 0.07% increase, reaching approximately $174.09. Options trading activity mirrored typical volumes with 93,000 contracts exchanged, showcasing a greater interest in call options compared to puts. This resulted in a put/call ratio of 0.23, which is more optimistic than the usual 0.47 ratio.
The implied volatility, indicated by IV30, rose slightly by 0.1 points to 28.92, remaining below its 52-week median. This suggests an anticipated daily price change of $3.17. The put-call skew has also seen some flattening, further supporting a slightly positive market outlook for the stock.
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 15.88% from the current price of $173.93. 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 13.96% from the current price of $173.93. 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.
