Bull vs. Bear: How Should Investors Play GOOG Stock Now? (2024)

FAQs

Bull vs. Bear: How Should Investors Play GOOG Stock Now? ›

GOOG Stock Remains a Buy

GOOGL Analyst Recommendation Trends

In the current month, GOOGL has received 27 Buy Ratings, 11 Hold Ratings, and 0 Sell Ratings. GOOGL average Analyst price target in the past 3 months is $167.51.

Economic growth actually accelerated above its 10-year average in 2023. That resilience, coupled with a fascination about artificial intelligence (AI), changed investors' collective mood. The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official.

“This new bull market can last for another seven to nine years, as AI is expected to drive significant productivity gains for companies across the board, which will strengthen corporate earnings.”

Summary. Alphabet stock is undervalued compared to its peers and presents an opportunity for investors. The company has strong financials with a large cash position and steady growth in margins and profitability.

Stock Price Forecast

The 37 analysts with 12-month price forecasts for Alphabet stock have an average target of 158.95, with a low estimate of 121 and a high estimate of 190. The average target predicts an increase of 0.44% from the current stock price of 158.26.

GOOGL: Which Is a Better Investment? Because GOOGL shares come with voting rights, they may be considered more valuable. Shareholders with this type of stock can have a say in Google's corporate policy, vote for the board of directors, and approve or disapprove of any major decisions.

Positive returns -- but smaller than in 2023

I think that the overall stock market will deliver positive returns in 2024. However, I expect those returns to be somewhat smaller than they were last year.

The duration of bear markets can vary, but on average, they last approximately 289 days, equivalent to around nine and a half months. It's important to note that there's no way to predict the timing of a bear market with complete certainty, and history shows that the average bear market length can vary significantly.

Bear markets occur when prices in a market decline by more than 20%, often accompanied by negative investor sentiment and a weakening economy. Bear markets can be cyclical or longer-term. The former lasts for several weeks or a couple of months and the latter can last for several years or even decades.

At what age should you get out of the stock market? ›

There are no set ages to get into or to get out of the stock market. While older clients may want to reduce their investing risk as they age, this doesn't necessarily mean they should be totally out of the stock market.

Key Takeaways. While holding or moving to cash might feel good mentally and help avoid short-term stock market volatility, it is unlikely to be wise over the long term. Once you cash out a stock that's dropped in price, you move from a paper loss to an actual loss.

The US stock market enjoyed a strong first quarter in 2024, advancing 10%. But inflation was stickier than some expected. In fact, the March CPI number that came out this morning was hotter than expected, too. And that's leading many to question when the Federal Reserve will begin cutting interest rates.

After sliding following its latest earnings release, Google parent Alphabet (GOOG,GOOGL) has rapidly been bouncing back. Clearly, the market is catching onto the promising GOOG stock forecast. While for now selling at a discount to its “Magnificent Seven” peers, GOOG could bridge this gap before year's end.

The company has generated cash flow growth of 15.1%, and is expected to report cash flow expansion of 16.7% in 2024. Investors should take the time to consider GOOGL for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

GOOG stock price is 159.97 USD. The Intrinsic Value of GOOG stock (124.58 USD) is 22% less than its price (159.97 USD). The DCF Value of GOOG stock (114.19 USD) is 29% less than its price (159.97 USD). The Relative Value of GOOG stock (134.96 USD) is 16% less than its price (159.97 USD).

GOOGL also holds an average earnings surprise of 7.2%. With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding GOOGL to their portfolios.

The company has generated cash flow growth of 15.1%, and is expected to report cash flow expansion of 16.7% in 2024. Investors should take the time to consider GOOGL for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

GOOG Signals & Forecast

The Google stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.

Google stock price stood at $155.72

According to the latest long-term forecast, Google price will hit $200 by the middle of 2026 and then $250 by the middle of 2027. Google will rise to $300 within the year of 2028, $350 in 2029, $400 in 2032 and $450 in 2034.