Fintel reports that on January 2, 2025, JMP Securities downgraded their outlook for Alphabet (BIT:1GOOGL) from Market Outperform to Market Perform.
Analyst Price Forecast Suggests 10.50% Upside
As of December 23, 2024, the average one-year price target for Alphabet is €203.54/share. The forecasts range from a low of €168.52 to a high of €243.34. The average price target represents an increase of 10.50% from its latest reported closing price of €184.20 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Alphabet is 350,539MM, an increase of 3.14%. The projected annual non-GAAP EPS is 6.89.
What is the Fund Sentiment?
There are 6,415 funds or institutions reporting positions in Alphabet. This is an increase of 7 owner(s) or 0.11% in the last quarter. Average portfolio weight of all funds dedicated to 1GOOGL is -9.76%, an increase of 603.39%. Total shares owned by institutions decreased in the last three months by 0.65% to 5,097,898K shares.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 185,699K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 185,844K shares , representing a decrease of 0.08%. The firm decreased its portfolio allocation in 1GOOGL by 14.55% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 153,451K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 150,759K shares , representing an increase of 1.75%. The firm decreased its portfolio allocation in 1GOOGL by 14.71% over the last quarter.
Geode Capital Management holds 134,031K shares representing 2.29% ownership of the company. In its prior filing, the firm reported owning 131,404K shares , representing an increase of 1.96%. The firm decreased its portfolio allocation in 1GOOGL by 14.37% over the last quarter.
Price T Rowe Associates holds 91,064K shares representing 1.56% ownership of the company. In its prior filing, the firm reported owning 98,140K shares , representing a decrease of 7.77%. The firm decreased its portfolio allocation in 1GOOGL by 18.71% over the last quarter.
Bank Of America holds 73,536K shares representing 1.26% ownership of the company. In its prior filing, the firm reported owning 73,167K shares , representing an increase of 0.50%. The firm decreased its portfolio allocation in 1GOOGL by 78.40% over the last quarter.
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