Alphabet Inc Class A's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 23 out of 473 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 397.36.In the medium term, the stock price is expected to trend up.The company has been performing strongly in the stock market over the past month, which is supported by its 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 A is 7.13, ranking 233 out of 473 in the Software & IT Services industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 109.90B, representing a year-over-year increase of 21.79%, while its net profit experienced a year-over-year increase of 81.18%.
Key Metrics
The current valuation score of Alphabet Inc Class A is 8.10, ranking 126 out of 473 in the Software & IT Services industry. Its current P/E ratio is 30.26, which is 11.09% below the recent high of 33.62 and 47.20% above the recent low of 15.98.
The current earnings forecast score of Alphabet Inc Class A is 8.30, ranking 70 out of 473 in the Software & IT Services industry. The average price target is 322.50, with a high of 400.00 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 A is 9.81, ranking 7 out of 473 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 430.04 and the support level at 343.51, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Alphabet Inc Class A is 7.00, ranking 132 out of 473 in the Software & IT Services industry. The latest institutional shareholding proportion is 80.82%, representing a quarter-over-quarter decrease of 0.47%. The largest institutional shareholder is The Vanguard, holding a total of 504.14M shares, representing 8.66% of shares outstanding, with 0.69% decrease 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 A is 8.26, ranking 42 out of 473 in the Software & IT Services industry. The company's beta value is 1.27. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. Alphabet Inc Class A’s latest ESG disclosure leads the Software & IT Services industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
