Alphabet Stock Predictions for 2023: Expert Insights and Market Analysis
Expecting a Strong Rebound in Digital Ad Revenue
Analysts predict a robust rebound in Alphabet's digital advertising revenue for 2023. After experiencing a slight dip in the first three quarters, Alphabet's core advertising business is set to regain momentum. The company's dominance in the online advertising market and its innovative ad solutions are expected to drive this growth.
Earnings and Revenue EPS Upgrades
Analysts have revised their earnings per share (EPS) estimates upwards for Alphabet in 2023. The consensus estimate from 37 analysts currently stands at $158.68, with a range of $121 at the low end and $190 at the high end. This upward revision reflects increased optimism about the company's financial performance.
Consensus Forecast for 2025
The overall consensus among analysts is for Alphabet stock to rise by approximately 0.28% in the coming year, reaching an average price target of $158.71. However, it's important to note that individual analyst opinions vary significantly.
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