Where Will Alphabet Stock Be in 1 Year?
's (NASDAQ: GOOG) (NASDAQ: GOOGL) stock surged 10% to its all-time high on April 26 after the tech giant posted its first quarter earnings report. Its revenue rose 15% year over year to $80.54 billion, exceeding analysts' estimates by $1.84 billion, while its earnings-per-share (EPS) rose 62% to $1.89 and cleared the consensus forecast by $0.39.
Alphabet also approved a new $70 billion buyback plan, which is equivalent to about 3% of its market capitalization, and initiated its first-ever quarterly dividend of $0.20 per share, which translates to a forward yield of 0.5%. Those announcements dazzled the bulls, but will Alphabet's stock rally to fresh highs over the next 12 months?
Image source: Google.
Source Fool.com
Alphabet Inc. C Aktie
296,80 €
-0,49 %
Bei der Aktie stehen derzeit 66 Buy-Einschätzungen 5 Sell-Einschätzungen gegenüber. Das Sentiment ist also durchaus positiv.
Das durchschnittliche Community-Kursziel von 367 € für Alphabet Inc. C impliziert eine Steigerung von über 20% gegenüber 296.8 €.
