Alphabet's (GOOG, Financial) stock has witnessed a slight dip, falling by $0.02 to around $177.92, as option traders exhibit a modestly bearish sentiment. The trading volume for options remains relatively low, with 78,000 contracts exchanged. Calls are outpacing puts, resulting in a put/call ratio of 0.58, higher than the usual 0.4. The implied volatility, indicated by IV30, has risen by 0.3 points to 26.33, although it stays below the median for the past year. This suggests traders are anticipating an average daily price movement of $2.95. A notable rise in demand for protective puts is reflected in the steepening put-call skew.
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 13.33% from the current price of $177.85. 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 $199.83, suggesting a upside of 12.36% from the current price of $177.85. 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.
