"Analyzing Alphabet Inc.'s Stock Performance and Earnings Call Insights"
Alphabet Inc. (NASDAQ:GOOGL) recently reported its full-year results, meeting analyst estimates with revenues of US$307b and earnings per share of US$5.80. Analysts are forecasting a solid 11% revenue growth to US$342.2b and a 14% increase in earnings per share to US$6.76 for 2024. Despite the stock's recent decline, analysts have not adjusted their outlook for the company, maintaining a consensus price target of US$163. The forecasts suggest that Alphabet's revenue growth is expected to slow down, aligning with the wider industry's growth rate. Overall, the business' prospects remain steady, and the intrinsic value of the company has not undergone significant changes with the latest estimates.
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