Stock Rating Upgrade
The Value Trend Rating for Alphabet Inc (NASDAQ: GOOGL) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/10/24, Alphabet Inc (NASDAQ: GOOGL) stock declined slightly by -0.8%, closing at $168.65. This decline was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 1.2% 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 B (Positive). This VT Rating improved in recent days from C previously. 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 45 but a good Power Rating of 79, resulting in the Positive Value Trend Rating.
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