Stifel has increased its price target for Alphabet (GOOG, Financial) from $200 to $218, maintaining a Buy rating on the stock as it releases its Q2 earnings preview for the digital ads sector. The company experienced a slow start to the quarter in April, but performance improved, with June likely marking the strongest month of the period. The analyst anticipates potential upward adjustments to Alphabet’s estimates but does not foresee significant momentum following the earnings per share announcement. Although Alphabet remains a preferred choice, the firm also favors long positions in other industry players.
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.
