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24/7 Wall St.

Alphabet Price Prediction: 56 Analysts Bullish, Zero Sells

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Alphabet Price Prediction: 56 Analysts Bullish, Zero Sells
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24/7 Wall St. sets a $434.48 price target for Alphabet (NASDAQ:GOOG | GOOG), 27.66% above the stock’s latest close of $340.35, while reporting “zero Sells” among 56 analysts’ ratings: 13 Strong Buy, 42 Buy, 5 Holds. The model confidence is described as moderately high, down from 0.9 earlier due to a forward-earnings input dropping out of the cycle. The article points to second-quarter results—revenue of $119.80B vs. $116.91B expected, EPS $9.11 vs. $3.04—as well as Google Cloud revenue up 82% to $24.77B and a cloud backlog of $514B. It also flags negative free cash flow of -$5.86B on $44.92B capex and debt rising to $98.2B.

xCruzo quick-read summary • Source: 24/7 Wall St. • Read the full article for complete information.
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