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Shares of Alphabet Inc (GOOGL) recently surpassed the average analyst 12-month target price of $167.95, trading at $171.95 a share. This could prompt analysts to either downgrade the stock on valuation or adjust their target prices upward, reflecting the company’s positive fundamental developments.
Currently, there are 39 analysts contributing to the target price average, with forecast discrepancies ranging from a low of $140 to a high of $190. The standard deviation among these price targets is $11.749, indicating varied expectations among analysts.
As of now, Alphabet has 35 strong buy ratings, 3 buy ratings, and 6 hold ratings, with no sell or strong sell ratings. The average rating stands at 1.34 on a scale where 1 represents a strong buy and 5 represents a strong sell.
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