Alphabet Inc. (GOOGL)
| Market Cap | 2.30T |
| Revenue (ttm) | 318.15B |
| Net Income (ttm) | 82.41B |
| Shares Out | 12.40B |
| EPS (ttm) | 6.52 |
| PE Ratio | 28.41 |
| Forward PE | 23.23 |
| Dividend | $0.80 (0.43%) |
| Ex-Dividend Date | Jun 10, 2024 |
| Volume | 17,353,483 |
| Open | 182.05 |
| Previous Close | 182.99 |
| Day's Range | 181.56 - 185.57 |
| 52-Week Range | 115.35 - 186.05 |
| Beta | 1.01 |
| Analysts | Buy |
| Price Target | 190.19 (+2.67%) |
| Earnings Date | Jul 23, 2024 |
About GOOGL
Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as i... [Read more]
Financial Performance
In 2023, Alphabet's revenue was $307.39 billion, an increase of 8.68% compared to the previous year's $282.84 billion. Earnings were $73.80 billion, an increase of 23.05%.
Financial StatementsAnalyst Forecast
According to 39 analysts, the average rating for GOOGL stock is "Buy." The 12-month stock price forecast is $190.19, which is an increase of 2.67% from the latest price.
News
Google's environmental report pointedly avoids AI's actual energy cost
Google has issued its 2024 Environmental Report, a more than 80-page document describing all of the massive company's efforts to apply tech to environmental issues and to mitigate its own contribution...
Google's emissions climb nearly 50% in five years due to AI energy demand
Tech giant's goal of reducing climate footprint at risk as it grows increasingly reliant on energy-hungry data centres
Google's carbon emissions surge nearly 50% due to AI energy demand
Google's emissions surged nearly 50% since 2019, the company said Tuesday in its 2024 environmental report. The news marks a setback in Google's goal to achieve net-zero emissions by 2030.
Google falling short of important climate target, cites electricity needs of AI
Three years ago, Google set an ambitious plan to address climate change by going “net zero,” meaning it would release no more climate-changing gases into the air than it removes, by 2030.
Big Tech-EU regulation battle is 'new chapter in an old movie'
Meta Platforms (META) is under fire by EU regulators who claim the company's ad subscription model is a pay-for-content scheme that requires users to choose between paying a fee or handing over more p...
Google to require disclosures for digitally altered content in election ads
Google said on Monday it would make it mandatory for advertisers to disclose election ads that use digitally altered content to depict real or realistic-looking people or events, its latest step to ba...
Trade Tracker: Jim Lebenthal trims Alphabet
Jim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's "Halftime Report" to detail his latest trim in Alphabet.
Google invests in BlackRock-backed Taiwanese solar developer to boost energy capacity amid AI boom
Google will partner with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan, the U.S. tech giant announced Monday as it seeks to boost energy capacity and cut carbon emissions ...
Google buys stake in Taiwan solar power firm owned by BlackRock
Google said it has taken a stake in Taiwan's New Green Power and could buy up to 300 megawatts of renewable energy from the BlackRock fund-owned firm to help cut its carbon emissions and those of supp...
How A.I. Factors into Alphabet's (GOOGL) Future
Areas of risk for Alphabet (GOOGL) include the A.I. impact on search and negative impact of search ad revenues of layering in A.I.
European Commission Takes Closer Look at Microsoft-OpenAI Ties
The European Commission is taking a closer look at the ties between Microsoft and OpenAI.
We are bullish on Alphabet, says Goldman Sachs' Eric Sheridan
Eric Sheridan, Goldman Sachs tech analyst, joins 'Money Movers' to discuss the effects of generative artificial intelligence on the markets and more.
Google Could Win in AI and Still Lose. This Analyst Downgraded Alphabet Stock.
Rosenblatt Securities analyst Barton Crockett downgraded Alphabet stock to Neutral from Buy on worries a shift toward AI-powered search could have adverse effects.
EU seeks views on Microsoft, OpenAI, Google and Samsung deals, EU's Vestager says
EU antitrust regulators will seek additional third party views on the partnership between Microsoft and OpenAI as well Google's artificial intelligence deal with Samsung for Samsung devices, EU compet...
Alphabet Delivering “A” Grades for Investors
Shares of Alphabet Inc. (GOOGL), Google's parent company, are in high demand due to ad business strength and AI prospects.
Morning Minute: Friday, June 28
Nike (NKE) plummets after guidance disappoints, Alphabet (GOOGL) catches a downgrade, and Apple (AAPL) iPhone sales in China surged higher in China.
Italy claims 1 billion euros in unpaid taxes from Google
Italy is asking Google to pay 1 billion euros ($1.07 billion) in unpaid taxes and penalties, three sources with direct knowledge of the matter said on Friday, seven years after the U.S. company settle...
Google partners with Thomson Reuters, Moody's and more to give AI real-world data
Google is partnering with third-party data sources to help ground AI responses and minimize hallucinations. Data from Moody's, MSCI, Thomson Reuters and Zoominfo will be incorporated next quarter.
Google Faces the Growth of AI-Powered Search. One Would-Be Rival Is About to Get Bigger.
AI start-up Perplexity is raising money at a valuation of $3 billion and is backed by Japan's SoftBank.
Google Testing Facial Recognition-Based Security System for Offices
Google is reportedly testing a facial recognition-based security system at one of its offices. The company is using the technology to spot unauthorized visitors and keep them from entering the office,...
YouTube dominating streaming numbers as young viewers trend toward user-generated content
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy.
YouTube leads Netflix, Hulu in streaming viewership
YouTube — owned by tech giant Alphabet (GOOG, GOOGL) — is solidifying its position as a dominant force in the streaming sector, according to the latest Nielsen survey. Nielsen's data reveals that YouT...
Alphabet (GOOGL) Technical Trends with Stock Near All-Time High
Chart Master Rick Ducat discusses the technical trends for Alphabet (GOOGL), as the stock is trading near an all-time high. He highlights that price is already at a relatively extreme point.
WSJ reporter compares Google v Reddit search results
Reddit (RDDT) usage for search has boomed. According to data from Similarweb, the social media platform saw a 39% increase in website visits, year-over-year, while Google (GOOG, GOOGL) reported a drop...
Google is testing facial recognition technology for campus security, starting at site near Seattle
Google is testing facial-tracking technology for its corporate campus security, CNBC has learned. The test is initially taking place at an office in Kirkland, Washington.