Key Takeaways:
- Alphabet Inc. (GOOGL, Financial) surpassed Q2 earnings expectations with a significant revenue beat.
- Analysts maintain a positive outlook with substantial upside potential.
- Current valuations suggest room for growth, though future profitability could face challenges.
Alphabet Inc. (NASDAQ: GOOGL) delivered an impressive performance in the second quarter, surpassing analyst expectations. The company reported a GAAP EPS of $2.31, outpacing estimates by $0.12, alongside revenue of $96.43 billion, exceeding forecasts by $2.45 billion. Despite these strong results, future profitability might be tempered by increased depreciation and amortization expenses.
Wall Street Analysts Forecast
According to predictions from 51 analysts, the one-year price target for Alphabet Inc. (GOOGL, Financial) averages $204.77, with estimates ranging from a high of $250.00 to a low of $160.00. This suggests a potential upside of 7.64% from the current trading price of $190.23. For further information on these forecasts, refer to the Alphabet Inc. (GOOGL) Forecast page.
The consensus recommendation from 55 brokerage firms rates Alphabet Inc. (GOOGL, Financial) at 1.9, reflecting an "Outperform" status. This rating is based on a scale from 1 to 5, where 1 denotes a Strong Buy and 5 a Sell.
Furthermore, GuruFocus estimates indicate a GF Value of $199.27 for Alphabet Inc. (GOOGL, Financial) one year from now, pointing to a potential upside of 4.75% from the current price of $190.23. The GF Value is a calculated estimate of the stock's fair value, factoring in historical trading multiples, past business growth, and projected business performance. For a deeper dive into these evaluations, visit the Alphabet Inc. (GOOGL) Summary page.
