Alphabet stock has outperformed the Dow Jones over the past year

From Nasdaq: 2025-02-27 14:44:11

Alphabet Inc. (GOOGL) has a market cap of $2.1 trillion and dominates the online search market with over 94% share. The company has expanded into cloud computing, digital advertising, and autonomous vehicles, among other ventures.

Despite Alphabet’s recent 17.3% decline from its 52-week high, its shares have risen 1.2% over the past three months. However, the stock is down 9.5% YTD, with concerns arising from Google Cloud’s slower revenue growth and rising costs.

Analysts remain bullish on GOOGL’s prospects, with a consensus “Strong Buy” rating and a mean price target of $218.75, suggesting a 28.6% premium to current levels. The stock has outperformed the Dow Jones over the past year, despite recent setbacks in cloud revenue growth.



Read more at Nasdaq: Is Alphabet Stock Outperforming the Dow?