A savvy investor achieved notable returns by acquiring 7,000 call options for Alphabet Class A (GOOG, Financial) at a premium of $10.40 each. This transaction occurred at 09:53 ET yesterday when Alphabet’s shares were valued at $175.39. By the end of the trading session, the shares saw a slight increase, closing at $176.77. The value of the call options also rose, ending at $10.93. This resulted in a mark-to-market gain of 5%, translating to a profit of $371,000 from the initial investment of $7.28 million.
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 13.27% from the current price of $177.94. 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 $198.81, suggesting a upside of 11.73% from the current price of $177.94. 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.
