uploads///Alphabet analyst rating

Alphabet Stock Doesn’t Have Any ‘Sell’ Ratings


Mar. 7 2019, Published 8:11 a.m. ET

Analysts’ recommendation

Alphabet (GOOGL) stock has been gaining momentum since the company reported better-than-expected earnings and revenues on February 4 despite higher costs and issues related to the spreading of fake news.

Out of the 45 analysts covering Alphabet, 44 analysts have rated the stock a “buy,” while only one analyst has rated the stock a “hold.” Meanwhile, none of the analysts have a “sell” rating on the stock. Analysts have given the stock a target price of $1,346.35, and the median consensus estimate is $1,350.00. The stock is now trading at a 13.4% discount to its consensus median target estimate.

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Alphabet’s cash flow

Google-parent Alphabet ended with cash and cash equivalents of $16.7 billion at the end of December 2018, higher than the $10.7 billion at the end of December 2017. In Q4 2018, operating cash flow was $13.0 billion with free cash flow of $5.9 billion. The company repaid debt of $5.0 billion in the fourth quarter.

Capital expenditure was $7.1 billion in the fourth quarter, much higher than analysts’ expectations of $5.63 billion. The company’s capital spending reached $25 billion in 2018, up 102% year-over-year, as the company has doubled its spending on data centers and other facilities in 2018. The company’s capital sending was more than that of rival Microsoft (MSFT), which spent $16 billion on capital expenditures in 2018.

Market capitalization

The company has a market cap of $809.9 billion as of March 5. The market caps of Internet companies Amazon (AMZN), Alibaba (BABA), and Facebook (FB) stand at $831.3 billion, $479.6 billion, and $488.8 billion, respectively.


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