Where Will Alphabet Stock Be in 1 Year?
's (NASDAQ: GOOG) (NASDAQ: GOOGL) stock price dropped nearly 8% on Jan. 31 after the tech giant posted its fourth-quarter report. Its revenue rose 13% year over year to $86.31 billion, which exceeded analysts' estimates by $1.04 billion. Its adjusted EPS grew 56% to $1.64 and also cleared the consensus forecast by four cents a share.
Those headline numbers looked healthy, but a lot of growth had already been priced into Alphabet's shares before the release of its earnings report. Even after its post-earnings pullback, its stock has still rallied about 45% over the past 12 months. So is Alphabet's stock finally due for a breather, or will it head even higher over the next year?
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Aktie
297,40 €
0,05 %
Überwältigendes Buy-Interesse bei Alphabet Inc. A, mit einer hohen Anzahl von Buy- und wenigen Sell-Einschätzungen.
Das Kursziel von 333 € für Alphabet Inc. A zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 297.4 € an.
