Alphabet (GOOG, Financial) shares experienced a slight decline, dropping by $0.44 to approximately $166.21. The options market showed mixed sentiment with about 102,000 contracts exchanged, aligning with the average volume. Calls outpaced puts, resulting in a put/call ratio of 0.51, slightly higher than the typical 0.46. Implied volatility increased by two points, reaching 32.21, which is above the median for the last year, indicating an anticipated daily fluctuation of $3.37. The flattening of the put-call skew suggests a mildly optimistic outlook on 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 22.79% from the current price of $164.14. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 21 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 21.74% from the current price of $164.14. 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.
