The company's fundamentals are relatively healthy. Its valuation is considered undervalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a weak stock market performance, 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.
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 company's current financial score is 7.18, which is lower than the Software & IT Services industry's average of 7.31. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 96.43B, representing a year-over-year increase of 13.79%, while its net profit experienced a year-over-year increase of 19.38%.
Key Metrics
The company’s current valuation score is 7.94, which is higher than the Software & IT Services industry's average of 7.21. Its current P/E ratio is 25.08, which is 7.47% below the recent high of 26.95 and 35.46% above the recent low of 16.19.
The company’s current earnings forecast score is 8.67, which is higher than the Software & IT Services industry's average of 7.59. The average price target for Alphabet Inc Class C is 225.00, with a high of 280.00 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 company’s current price momentum score is 6.51, which is higher than the Software & IT Services industry's average of 6.34. Sideways: Currently, the stock price is trading between the resistance level at 250.56 and the support level at 230.55, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 5.00, which is lower than the Software & IT Services industry's average of 5.78. The latest institutional shareholding proportion is 60.66%, representing a quarter-over-quarter decrease of 11.03%. The largest institutional shareholder is The Vanguard, holding a total of 414.56M shares, representing 7.63% of shares outstanding, with 5.34% increase in holdings.
The company’s current risk assessment score is 9.05, which is higher than the Software & IT Services industry's average of 5.03. The company's beta value is 1.04. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets.
