Alphabet Inc (NASDAQ: GOOGL) has reported E.P.S. of $2.14 for its third fiscal quarter (ending September 30) versus $1.56 for the same period a year ago — an increase of 37%. E.P.S. were $7.62 for the latest four quarters through September 30 versus $5.25 for the same period a year ago — an increase of 45%.
Recent Price Action
On 10/29/24, Alphabet Inc (NASDAQ: GOOGL) stock increased 1.8%, closing at $169.68. Moreover, unusually high trading volume at 180% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 3.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, GOOGL is expected to continue to be a major Value Builder.
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 consistent signals. Alphabet has a neutral Appreciation Score of 52 and a slightly positive Power Rating of 64, leading to 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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