Alphabet Inc.'s (GOOG, Financial) shares experienced a $4.00 decline, bringing the stock price close to $169.32. The options market showed heightened activity, with 323,000 contracts traded, surpassing the usual volume. Calls dominated over puts, resulting in a put/call ratio of 0.45, slightly lower than the norm of 0.46.
Implied volatility for the stock, measured over 30 days, rose by 2.2 points, reaching 29.5, which is above its median value for the past year. This suggests an anticipated daily stock price fluctuation of approximately $3.15. Furthermore, the put-call skew has leveled out, hinting at a slightly optimistic outlook for the stock.
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 18.35% from the current price of $170.31. 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 17.34% from the current price of $170.305. 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.
