Bernstein has revised its price target for Alphabet (GOOG, Financial), raising it from $185 to $195 while maintaining a Market Perform rating for the stock. Despite the challenging start to the year and this quarter, there appears to be a diminishing number of "obvious" short opportunities within the Internet sector, especially as the Q2 earnings season approaches. The digital advertising sector is part of this trend, showing strength against initially lowered expectations that are now swiftly improving.
Bernstein highlights that the outlook for the second quarter remains positive, albeit with specific weak areas like China-based retailers affected by tariff changes. The firm views Alphabet (GOOG, Financial), along with Pinterest, as strategic investments in the digital advertising space for this period, although it anticipates robust performance across the sector as a whole.
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 $203.56 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 6.49% from the current price of $191.15. 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 $200.37, suggesting a upside of 4.82% from the current price of $191.15. 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.
