Alphabet Inc Class A's fundamentals are relatively healthy, with industry-average ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 17 out of 485 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 326.34.In the medium term, the stock price is expected to trend up.Despite an average 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 A is 7.48, ranking 200 out of 485 in the Software & IT Services industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 102.35B, representing a year-over-year increase of 15.95%, while its net profit experienced a year-over-year increase of 32.99%.
Key Metrics
The current valuation score of Alphabet Inc Class A is 8.10, ranking 131 out of 485 in the Software & IT Services industry. Its current P/E ratio is 32.07, which is 2.45% below the recent high of 32.86 and 50.18% above the recent low of 15.98.
The current earnings forecast score of Alphabet Inc Class A is 8.20, ranking 84 out of 485 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 8.97, ranking 55 out of 485 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 342.17 and the support level at 312.01, 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 146 out of 485 in the Software & IT Services industry. The latest institutional shareholding proportion is 81.10%, representing a quarter-over-quarter decrease of 0.08%. The largest institutional shareholder is The Vanguard, holding a total of 513.76M shares, representing 8.83% of shares outstanding, with 1.31% 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 A is 8.26, ranking 44 out of 485 in the Software & IT Services industry. The company's beta value is 1.09. 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 is at an average level in the Software & IT Services industry, showing no material impact on overall risk.
