GOOG Stock: Alphabet Inc. (NASDAQ:GOOG) has seen its stock rise following solid third-quarter results and optimistic forecasts from leading analysts. The tech giant reported earnings of $2.12 per share, exceeding analyst expectations of $1.83, with revenues reaching $88.27 billion—15.1% higher year-over-year.
This strong performance has sparked upgrades from multiple research firms, with Canaccord Genuity raising their target price to $225 and Citigroup boosting theirs to $216.
The company also announced a quarterly dividend of $0.20 per share, further strengthening investor confidence. Despite a recent pullback in shares by institutional investors like Summit Global Investments, Alphabet’s market cap stands at an impressive $2.24 trillion, reflecting its dominance in the tech space.
Analysts continue to rate Alphabet as a “Moderate Buy,” with an average target price of $200.56, citing the company’s robust position across multiple sectors, including Google Services, Cloud, and YouTube.
With a solid earnings beat, strategic growth, and positive analyst sentiment, Alphabet is poised for continued strength in the market, making it a key stock to watch
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult a qualified financial advisor or conduct your own research before making investment decisions.
