Alphabet's stock price rises 1.54% despite market downturn, analysts predict positive earnings

From Nasdaq: 2024-04-08 17:45:22

Alphabet (GOOGL) closed at $154.85, a +1.54% move, outperforming the S&P 500 and the Dow. Share prices had gained 12.62% over the past month. Analysts expect earnings of $1.49 per share, with revenue of $65.95 billion for Alphabet’s upcoming earnings release. The Zacks Rank system rates Alphabet at #3 (Hold).

Alphabet trades at a Forward P/E ratio of 22.51, below the industry average of 23.51. The Internet – Services industry has a PEG ratio of 1.41, with a Zacks Industry Rank of 57. Monitor these metrics on Zacks.com. The report recommends 5 stocks set to double, handpicked by Zacks experts for potential gains of +100% or more.

To learn about these stocks and download Zacks Investment Research’s recommendations for the next 30 days, visit Zacks.com for in-depth analysis. Remember that the views expressed in this article are those of the author and may not necessarily align with Nasdaq, Inc.



Read more at Nasdaq: Alphabet (GOOGL) Gains As Market Dips: What You Should Know