Analysts who follow Alphabet Inc Class A (GOOGL) on average expect it to increase 7.63% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating puts the stock higher than 72 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Alphabet Inc Class A Stock Today?
Alphabet Inc Class A (GOOGL) stock has risen 1.22% while the S&P 500 has fallen -0.06% as of 1:56 PM on Thursday, Nov 14. GOOGL has gained $15.75 from the previous closing price of $1,296.18 on volume of 615,128 shares. Over the past year the S&P 500 is higher by 14.46% while GOOGL has gained 24.40%. GOOGL earned $45.97 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.5.