On 4/26/24, Alphabet Inc (NASDAQ: GOOGL) stock enjoyed a major increase of 10.2%, closing at $171.95. Moreover, trading volume in this advance was exceptionally high at 206% of normal. The stock has risen 10.2% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Alphabet has a slightly negative Appreciation Score of 36 but a good Power Rating of 72, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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