Earnings Growth & Price Strength Make Alphabet (GOOGL) a Stock to Watch
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
Alphabet is one of the most innovative companies in the modern technological age. Over the last few years, the company has evolved from primarily being a search-engine provider to cloud computing, ad-based video and music streaming, autonomous vehicles, healthcare providers and others. In the online search arena, Google has a monopoly with more than 94% of the online search volume and market.
Since being added to the Zacks Focus List on May 19, 2025 at $166.19 per share, shares of GOOGL have increased 4.29% to $173.32.
For fiscal 2025, 16 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.78 to $9.51. GOOGL boasts an average earnings surprise of 14.6%.
Earnings for Alphabet's are forecasted to see growth of 18.3% for the current fiscal year as well.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like GOOGL offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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This article originally published on Zacks Investment Research (zacks.com).
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