Alphabet (GOOG, Financial) experienced a slight dip as shares fell by $0.46, settling around $172.44. The options market recorded subdued activity, with 334,000 contracts changing hands. Call options were more popular than puts, resulting in a put/call ratio of 0.41, which is lower than the standard level of 0.46.
Implied volatility (IV30) increased marginally by 0.2 points to 29.17, whilst remaining beneath the 52-week median. This implies an anticipated daily price movement of $3.17. Additionally, the put-call skew grew sharper, indicating a rising appetite for protective puts among traders.
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 16.25% from the current price of $173.38. 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 14.32% from the current price of $173.38. 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.
