Highlights:
- Google commits to sustainability by securing 200 megawatts of carbon-free energy from Commonwealth Fusion Systems.
- Alphabet Inc (GOOGL, Financial) shows promising upside potential as per Wall Street analysts with an average price target of $201.35.
- GuruFocus estimates a GF Value growth of 12.06% for GOOGL from its current price.
Google (GOOGL) has reinforced its commitment to sustainable energy by signing a deal with Commonwealth Fusion Systems (CFS) to acquire 200 megawatts of carbon-free power. This strategic move not only underscores Google's dedication to environmental sustainability but also highlights its investment in cutting-edge fusion technology. The energy initiative will be powered by CFS' upcoming state-of-the-art facility in Virginia.
Wall Street Analysts' Insights
When considering the insights provided by 50 Wall Street analysts, the average price target for Alphabet Inc (GOOGL, Financial) stands at $201.35. This projection includes a high estimate of $250.00 and a low estimate of $160.00, suggesting a substantial upside of 14.19% from the current stock price of $176.33. Investors can explore these estimates and more on the Alphabet Inc (GOOGL) Forecast page.
Brokerage Recommendations
The consensus from 55 brokerage firms places Alphabet Inc (GOOGL, Financial) with an average recommendation score of 1.9, denoting an "Outperform" status on a scale from 1 (Strong Buy) to 5 (Sell). This rating suggests a favorable outlook among analysts for the tech behemoth.
Estimating GF Value
According to GuruFocus, the estimated GF Value for Alphabet Inc (GOOGL, Financial) is projected to be $197.59 in one year, offering an upside of 12.06% from its current market price of $176.33. The GF Value represents an estimation of the fair market value of the stock, informed by its historical trading multiples, past business growth, and forecasts of future performance. Detailed insights into this can be accessed on the Alphabet Inc (GOOGL) Summary page.
