Alphabet (GOOGL) is considered a top growth stock with positive earnings estimate revisions

From Nasdaq: 2024-08-01 09:45:11

Zacks Premium offers tools for confident stock market investing, including the Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens. The Zacks Style Scores rate stocks based on value, growth, and momentum, helping investors choose securities with the best chance of outperforming the market in the next 30 days.

The VGM Score combines all Style Scores to provide a comprehensive indicator for investors using the Zacks Rank. By focusing on stocks with Zacks Rank #1 or #2 and Style Scores of A or B, investors can increase their chances of success. The direction of a stock’s earnings estimate revisions is crucial when making investment decisions.

Alphabet (GOOGL) is a top pick for growth investors with a Growth Style Score of B and a VGM Score of B. Analysts forecast year-over-year earnings growth of 31.4% for the current fiscal year. With positive earnings estimate revisions and a solid Zacks Rank, GOOGL is a stock to watch for potential growth.

Zacks experts have handpicked 5 stocks poised to double in 2024, with previous recommendations soaring up to +673.0%. Most of these stocks are under Wall Street’s radar, providing an opportunity for investors to capitalize on their growth potential. Explore these potential home runs for your portfolio today.



Read more at Nasdaq: Why Alphabet (GOOGL) is a Top Growth Stock for the Long-Term