Shares of Alphabet (GOOG, Financial) experienced a decline of $4.62, settling around $169.37. The options market displayed increased activity, with a total of 183,000 contracts traded, a significant rise above the average volume. Calls were notably more active than puts, leading to a put/call ratio of 0.4, which is close to the typical level of 0.41.
The 30-day implied volatility (IV30) rose by 2.5 points to approximately 29.6, surpassing the median of the past year, indicating an anticipated daily price movement of $3.16. Additionally, the put-call skew has flattened, hinting at a slightly bullish sentiment among investors.
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 19.03% from the current price of $169.33. 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 18.01% from the current price of $169.33. 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.
