Goldman Sachs continues to rate Alphabet (GOOG, Financial) as a Buy, maintaining a price target of $220, asserting that the stock's current valuation offers an attractive risk/reward profile. Despite what appears to be negative investor sentiment already factored into the stock price, the firm remains optimistic.
Goldman Sachs anticipates Alphabet's Search & Other revenue segment will increase significantly, rising from approximately $198 billion in 2024 to nearly $318 billion by 2030. The firm highlights Alphabet's competitive edge, rooted in its scalable AI distribution, personalized user experiences leveraging first-party data, and robust infrastructure.
These strategic advantages are expected to bolster Alphabet's market position over the long term, positioning it well for sustained growth and profitability.
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 16.61% from the current price of $172.85. 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 14.67% from the current price of $172.85. 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.
