45 Analysts Assess Alphabet: What You Need To Know
Portfolio Pulse from Benzinga Insights
45 analysts have recently assessed Alphabet (NASDAQ:GOOGL), with a mix of bullish and bearish perspectives. The average 12-month price target has increased to $199.16 from $176.91. Analysts have frequently updated their recommendations, reflecting evolving market conditions and company performance. Alphabet has shown strong financial performance with a 15.41% revenue growth rate, a 29.38% net margin, and a prudent debt management strategy.
July 16, 2024 | 1:00 pm
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POSITIVE IMPACT
Alphabet (NASDAQ:GOOGL) has received mixed ratings from 45 analysts, with a notable increase in the average 12-month price target to $199.16. The company's strong financial performance, including a 15.41% revenue growth rate and a 29.38% net margin, has contributed to positive sentiment.
The increase in the average 12-month price target and the strong financial performance metrics such as revenue growth and net margin are likely to positively impact Alphabet's stock price in the short term. The mixed analyst ratings indicate a range of perspectives, but the overall sentiment appears to be leaning towards positive.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100