Google Stock Forecast & Predictions: 1Y Price Target $155.95 | Buy or Sell NASDAQ: GOOGL 2024 (2024)

FAQs

What is Google stock price prediction for 2024? ›

Google Stock Price Forecast 2024-2025

Google price started in 2024 at $140.93. Today, Google traded at $155.72, so the price increased by 10% from the beginning of the year. The forecasted Google price at the end of 2024 is $172 - and the year to year change +22%. The rise from today to year-end: +10%.

Google Stock Forecast FAQ

Out of 20 analysts, 12 (60%) are recommending GOOGL as a Strong Buy, 6 (30%) are recommending GOOGL as a Buy, 2 (10%) are recommending GOOGL as a Hold, 0 (0%) are recommending GOOGL as a Sell, and 0 (0%) are recommending GOOGL as a Strong Sell.

As of April 2024 Alphabet (Google) has a market cap of $1.975 Trillion. This makes Alphabet (Google) the world's 4th most valuable company by market cap according to our data.

The average price target is $167.51 with a high forecast of $185.00 and a low forecast of $141.00. The average price target represents a 8.49% change from the last price of $154.40.

In 2030, the Alphabet - Class A stock will reach $ 448.59 if it maintains its current 10-year average growth rate. If this Alphabet - Class A stock prediction for 2030 materializes, GOOGL stock will grow 191.12% from its current price.

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.

The bottom line on investing in Google

The company is highly profitable. Shares of Google's parent could make a good long-term investment, especially if profits continue rising at a rapid rate.

Is it safe to invest in Google? Google is a large-cap company with a strong balance sheet, steady revenue and earnings growth. According to most financial analysts (see above) the search engine company is among the safest technology companies to invest in for the long term.

As of 2024-04-22, the Fair Value of Alphabet Inc (GOOGL) is 142.13 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 154.09 USD, the upside of Alphabet Inc is -7.8%.

Can Google stock hit $5,000? ›

The $5,000 per share thesis is somewhat dependent on there not being an economic slowdown anytime soon – although given that many observers predict an economic boost from the recovery of the coronavirus crisis, this possibility remains unlikely.

GOOG stock price is 155.72 USD. The Intrinsic Value of GOOG stock (123.88 USD) is 20% less than its price (155.72 USD). The DCF Value of GOOG stock (112.79 USD) is 28% less than its price (155.72 USD).

GOOG Stock 12 Month Forecast

Based on 11 Wall Street analysts offering 12 month price targets for Alphabet Class C in the last 3 months. The average price target is $168.64 with a high forecast of $185.00 and a low forecast of $160.00. The average price target represents a 7.43% change from the last price of $156.97.

For Google, the good news is that financial results improved in 2023. Other Bets reported an operating loss of $4.1 billion last year on revenue of $1.5 billion. Deep-pocketed Alphabet has been able to put up with the losses. Its 2023 revenue rose 9% to $307.4 billion while operating income rose 12% to $84.29 billion.

Apple Sales & Earnings Forecast

For all of 2024, Wall Street analysts forecast revenue of $388.12 billion and earnings per share of $6.56.

According to the Traders Union long-term price forecast Google (GOOGL) can reach $181.21 by 2025, $312.07 by 2030, $482.05 by 2034.

GOOG Stock 12 Month Forecast

Based on 11 Wall Street analysts offering 12 month price targets for Alphabet Class C in the last 3 months. The average price target is $168.64 with a high forecast of $185.00 and a low forecast of $160.00.