JPMorgan analyst Doug Anmuth has increased the price target for Alphabet (GOOG, Financial) to $200, up from the previous $195, while maintaining an Overweight rating on the stock. This adjustment is part of the firm's broader updates in anticipation of the second-quarter earnings. The revised estimates and targets are influenced by improved channel checks and advantageous currency shifts. Furthermore, the increase in stock valuations reflects a diminished concern over recession risks, as noted in a research communication to 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 $202.67 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 13.41% from the current price of $178.70. 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 $200.48, suggesting a upside of 12.19% from the current price of $178.7. 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.
