Alphabet Inc Class C's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 63 out of 481 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 339.59.In the medium term, the stock price is expected to remain stable.Despite a weak stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
Alphabet Inc., which is headquartered in Mountain View, California, acts as a renowned American international technology conglomerate and holding firm, overseeing its subsidiary networks. Alphabet ranks as the third-largest tech firm globally by revenue (after Amazon and Apple), the largest by profit, and one of the world’s most valuable enterprises. Formed via a Google restructuring on October 2, 2015, it serves as the parent entity for Google and several former Google subsidiaries. Traded on Nasdaq’s large-cap segment under ticker symbols GOOGL and GOOG, both stock classes are components of major indices like the S&P 500 and NASDAQ-100. The company is counted among the Big Five U.S. tech giants, alongside Amazon, Apple, Meta, and Microsoft.
The establishment of Alphabet Inc. was driven by a goal to streamline Google’s core operations and enhance accountability, while granting greater autonomy to group companies in non-Internet service sectors. Founders Larry Page and Sergey Brin announced their executive resignations in December 2019, with Sundar Pichai—also Google’s CEO—assuming the CEO role. Page and Brin remain employees, board members, and controlling shareholders of Alphabet Inc.
The current financial score of Alphabet Inc Class C is 7.12, ranking 238 out of 481 in the Software & IT Services industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 113.83B, representing a year-over-year increase of 18.00%, while its net profit experienced a year-over-year increase of 29.84%.
Key Metrics
The current valuation score of Alphabet Inc Class C is 7.94, ranking 162 out of 481 in the Software & IT Services industry. Its current P/E ratio is 26.55, which is 27.07% below the recent high of 33.73 and 39.03% above the recent low of 16.19.
The current earnings forecast score of Alphabet Inc Class C is 8.71, ranking 24 out of 481 in the Software & IT Services industry. The average price target is 330.00, with a high of 380.00 and a low of 185.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Alphabet Inc Class C is 6.68, ranking 219 out of 481 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 305.94 and the support level at 280.31, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of Alphabet Inc Class C is 5.00, ranking 226 out of 481 in the Software & IT Services industry. The latest institutional shareholding proportion is 60.19%, representing a quarter-over-quarter decrease of 1.28%. The largest institutional shareholder is The Vanguard, holding a total of 418.71M shares, representing 7.70% of shares outstanding, with 2.67% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Alphabet Inc Class C is 8.32, ranking 37 out of 481 in the Software & IT Services industry. The company's beta value is 1.11. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. with an industry-leading ESG disclosure.
