Scotiabank analyst Nat Schindler has increased the price target for Alphabet (GOOG, Financial) from $200 to $240, maintaining an Outperform rating on the stock. According to Schindler, post-first quarter trends have shown improvement, with third-party data indicating an acceleration. The company wrapped up the second quarter meeting or exceeding expectations, and the outlook for the third quarter appears stable. These positive developments underscore confidence in the company's future performance.
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 7.04% from the current price of $190.18. 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 5.36% from the current price of $190.175. 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.
