In a significant development for Google (GOOG, Financial), YouTube has solidified its position as the top video platform on television screens across the United States. Initially achieving this milestone earlier in the year, YouTube's dominance has continued to expand, according to Nielsen data. The platform now surpasses usage on smartphones and other devices, amassing an impressive average of over 1 billion hours of viewing each day on TVs. This shift highlights a growing trend of consumers preferring larger screens for their streaming media consumption.
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 $203.00 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 9.18% from the current price of $185.94. 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 $201.53, suggesting a upside of 8.38% from the current price of $185.94. 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.
