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 Stock
€291.75
-1.350%
With 166 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 333 € there is a slightly positive potential of 14.14% for Alphabet Inc. A compared to the current price of 291.75 €.
