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
€153.82
-0.320%
With 92 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 15.07% for Alphabet Inc. A compared to the current price of 153.82 €.
