Alphabet Inc. (GOOG, Financial) experienced a decline of $1.17 in its share price, settling around $190.17. The trading of options was notably high, with 517,000 contracts exchanged. The activity leaned towards calls over puts, reflecting a put/call ratio of 0.5, which is elevated compared to the usual 0.39. Implied volatility over the next 30 days (IV30) saw a slight decrease to 37.02, placing it in the top 25% for the year, indicating an expected price fluctuation of approximately $4.43 daily. The reduced gap between puts and calls suggests a cautiously optimistic market sentiment.
The company is scheduled to release its earnings report after the market closes today. Options traders anticipate a significant movement, with a 50% chance of the stock shifting more than 6.88%, equivalent to $13.09. Investors are watching closely for any developments that could influence the stock price further.
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 $205.78 with a high estimate of $240.00 and a low estimate of $185.00. The average target implies an upside of 7.48% from the current price of $191.45. 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 5.27% from the current price of $191.45. 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.
