Alphabet stock forecast remains positively skewed in valuation

Alphabet stock forecast remains positively skewed in valuation scenarios given rising Google Workspace adoption rates in North America, contributing a forecasted $3.4B ARR uplift. Trevor Jennewine has positions in Nvidia and Tesla. The Motley Fool has positions in and recommends Alphabet, Apple, Meta Platforms, Microsoft, Nvidia, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy . According to the DCF analysis, Alphabet’s fair value comes out to $244.73 per share using this cash flow trajectory. With the stock trading just 0.4% above that benchmark, the model implies Alphabet is valued almost exactly in line with the sum of its discounted cash flows. Alphabet stock forecast shows potential upside in Q3 2024 as analysts revise EPS estimates to $1.89, supported by strong Google Cloud revenue growth and YouTube ad monetization recovery in the tech-heavy Nasdaq market.