Alphabet Inc (NASDAQ: GOOGL) has reported earnings for its first fiscal quarter (ending March 31) of $1.91 versus $1.18 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $6.58 versus $4.53 for the same period a year ago.
Recent Price Action
Alphabet Inc (NASDAQ: GOOGL) stock closed at $156.00 on 4/25/24 after a modest decline of -2.0%. Moreover, this decline was accompanied by unusually high trading volume at 181% of normal. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GOOGL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Alphabet has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Alphabet has a neutral Appreciation Score of 41 but a good Power Rating of 70, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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