What the Smart Investors Know About Alphabet

Shares of Alphabet have moved 3.7% today, and are now trading at a price of $108.38. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 34,535,614 compared to the stock's average volume of 39,860,014.

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. Based in Mountain View, United States the company has 190,234 full time employees and a market cap of $1,393,823,580,160.

The company is now trading -13.41% away from its average analyst target price of $125.16 per share. The 43 analysts following the stock have set target prices ranging from $89.88 to $160.0, and on average give Alphabet a rating of buy.

Over the last year, GOOGL shares have gone down by -23.1%, which represents a difference of -14.0% when compared to the S&P 500. The stock's 52 week high is $137.16 per share and its 52 week low is $83.34. With its gross margins declining an average -0.1% over the last four years, Alphabet may not have a strong enough business to reverse this trend.

Date Reported Revenue ($ k) Cost of Revenue ($ k) Gross Margins (%) YoY Growth (%)
2022-12-31 282,836,000 126,203,000 55.38 -2.74
2021-12-31 257,637,000 110,939,000 56.94 6.27
2020-12-31 182,527,000 84,732,000 53.58 -3.6
2019-12-31 161,857,000 71,896,000 55.58 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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