Wall Street analysts predict Alphabet stock will climb, with a "Strong Buy" consensus rating.

From Nasdaq: 2025-01-30 19:14:54

Alphabet Inc. (GOOGL) has a market cap of $2.4 trillion and dominates the online search market with over 94% share. Shares have outperformed the market, rallying 32.6% in the past 52 weeks. Following Q3 earnings, Alphabet saw a 2.8% increase in stock price driven by a 35% surge in cloud business.

Analysts expect GOOGL’s EPS to grow 38.3% year-over-year to $8.02 for fiscal 2024. The stock has a consensus rating of “Strong Buy” from 50 analysts. Oppenheimer raised Alphabet’s price target to $225, citing strong advertising trends and the potential to become an attractive alternative to Meta.

The mean price target for GOOGL is $217.35, representing a premium of nearly 9% to current levels. The Street-high price target of $240 implies a potential upside of 20.4%. Sohini Mondal did not hold any positions in the securities mentioned.



Read more at Nasdaq: Are Wall Street Analysts Predicting Alphabet Stock Will Climb or Sink?