On Thursday, Google Cloud (GOOG, Financial) encountered a service disruption that impacted a number of its clients, including platforms like Cloudflare, Spotify, and Snapchat. The issues began around 11:46 a.m. PT, prompting Google Cloud to initiate an investigation. By 2:23 p.m. PT, the company had taken steps to mitigate the problem and anticipated restoring full services within the next hour.
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 13.89% from the current price of $176.97. 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 $198.93, suggesting a upside of 12.41% from the current price of $176.97. 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.
