In a recent update, Keybanc analyst Justin Patterson announced a revision of his price target for Alphabet (GOOGL, Financial), raising the target from $195.00 to $215.00. The adjustment reflects a 10.26% increase and comes amid a maintained "Overweight" rating, indicating continued confidence in the company's performance and potential.
The updated price target for GOOGL, now set at $215.00, underscores a positive outlook from Keybanc as they see further growth opportunities and value in the tech giant's stock. The previous price target stood at $195.00, but the recent assessment points to expected advancements that justify the raised valuation.
This latest rating and target price adjustment by Keybanc comes as part of their ongoing analysis of Alphabet's (GOOGL, Financial) market position and growth trajectory. Investors are advised to consider these insights while making informed decisions regarding their portfolios.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 51 analysts, the average target price for Alphabet Inc (GOOGL, Financial) is $202.95 with a high estimate of $250.00 and a low estimate of $160.00. The average target implies an upside of 10.92% from the current price of $182.97. More detailed estimate data can be found on the Alphabet Inc (GOOGL) Forecast page.
Based on the consensus recommendation from 55 brokerage firms, Alphabet Inc's (GOOGL, Financial) average brokerage recommendation is currently 1.9, 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 (GOOGL, Financial) in one year is $199.27, suggesting a upside of 8.91% from the current price of $182.97. 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 (GOOGL) Summary page.
