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 Stock
€155.08
-0.640%
With 27 Buy predictions and not a single Sell prediction Alphabet Inc. C is an absolute favorite of our community.
As a result the target price of 170 € shows a slightly positive potential of 9.62% compared to the current price of 155.08 € for Alphabet Inc. C.
