Alphabet Inc. (Google)

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Alphabet Inc. is a collection of over 160 firms, including the world’s largest tech giants, Google, YouTube, Chrome, Android, and Google Maps. Over the last decade, the tech company has gained billions of users across its platform, a revolutionary development in the tech space. According to statistics, at least over 100,000 people are using one of this company’s firms per minute.

Alphabet Inc. has become relevant in the world that apart from these tech firms with prospering leaders, it has also branched into finance. Google launched an initial public offering (IPO) on August 19th 2004, with 19,605,052 shares offered at $85 per share. On that day, Google sold $1.67B in shares. Today, there are two classes of shares – the Alphabet Inc. (GOOG) and (GOOGL) stocks that many investors have a grasp on. However, while the former is less liquid and has no voting rights, the latter is more liquid and has voting rights. And as far as investors and traders are concerned, GOOGL stocks are more prioritized.

Although stock prices change every now and then, the company has maintained a balance. However, the place of research cannot be overemphasized. Every investor or trader has different objectives, so researching with the perfect guide is consequential. Here is a guide revealing the year’s forecast on GOOGL stocks and changes over the last 6 years.

Alphabet Stock Forecast 2022

GOOGL stocks was predicted to have a fair run with other stocks in the market – the likes of AAPL, TSLA, AMZN, and MSFT. This Money CNN forecast was based on data from previous years in which the 12-month median price target was $125 (high at $165 and low at $93). This price will be a 33.95% increase from the price at the end of Q4 2021.

However, GOOGL opened the year 2022 at $145.05. It maintained enough stability throughout the first quarter until the U.S. faced a huge economic downturn that affected tech companies, including Alphabet Inc. This fall continued until the end of Q2, with the price hitting $114.11 in April. Luckily, the price slightly increased immediately when the Q2 results were released in July, and it continued until mid-August, hitting a 3-month all-time high of $122.30. Unfortunately, between late September and late October, the stocks experienced a huge diminish – the price dropped lower than $100, which hasn’t happened since the previous year’s first quarter. The current price of Alphabet Inc. Class A (GOOGL) is at $93.94, which is a 36% fall from the year-to-date.

GOOGL stock is forecasted to increase between 2024 to 2028 so that the price moves up to 91% (from $144.70 to $276.75). It should also reach $346.82 at the end of 2033, 230% of its current price.

Alphabet Stock 2021

In January, Alphabet GOOGL stock opened the market at $87.88 and maintained a form of stability until it closed for Q1 2021 at $102.96. The U.S. market was favorable towards tech companies during this period because the Covid-19 pandemic and global lockdown still had people working remotely. The stock prices went above $100.

The stocks did fine for the rest of the year as people were working hybrid – online and physically. However, there was a remarkable change in November. The prices hit an all-time high of $150.97. Even though it dipped four days later, it maintained a high price, closing Q4 2021 at $146. 

Alphabet Stock 2020

2020 was a huge year for the tech giant Alphabet Inc. While the rest of the world was battling the Covid-19 pandemic and lockdowns in most parts of the world, it was a big win for this tech company. It had many people depending on remote jobs and others spending more time on the internet than ever. Many used Google to check their symptoms, while others opened their YouTube channel.

There was an automatic effect on GOOGL stocks too. The price opened for January 2020 at $67.08 and increased until the latter part of February. The price dropped below $60 between late Q1 and early Q2 and picked up later – although fluctuating. By August, the price increased until it hit an all-time high on December 4th 2020, at $91.23. The stock price closed for Q4 2020 at $86.98.

Alphabet Stock 2019

GOOGL stocks opened in January 2019 at $50.83 and maintained a level of consistency for the rest of the Q1 months, hitting a high price of $61.32 in March. It ended Q1 2019 at $58.67. A crash in the U.S. market caused the price to fluctuate between Q2 and Q3. However, by the start of October, the stocks started gaining momentum, reaching an all-time high price of $64.97 on the 28th. The rest of the year was good, and Q4 results had the closing price of GOOGL at $66.81, which is a 23.91% increase from year-to-date.

Alphabet Stock 2018

Alphabet’s Class A GOOGL stock started 2018 at $52.42 and remained consistent (with little fluctuations) throughout the first quarter. The second quarter experienced the same and closed Q2 at $55.78. However, there was a bit of hope in Q3 as the price increased to $62.46 in August before falling back to $59.69 in September. It fluctuated for a while in the latter months until it experienced a great fall in December at an all-time low of $48.51. It ended the year at $51.85.

Alphabet Stock 2017

The stock opened the year at $38.94 but began to increase a few days into the year and maintained a good status because of a thriving market. It remained consistent until October 27th, when it reached an all-time high of $52.42. The remaining months were even better and GOOGL stocks closed for the year at $52.32.

Alphabet Stock 2016

In 2004 when the company launched its stocks, it offered investors $85 per share. Unfortunately, by 2016, the starting price was $37.15 (-56.2% fall from IPO). GOOGL stocks remained stable from Q1, Q2, and Q3 to early Q4 2016. There is no substantial reason for this, but the stocks reached an all-time high of $40.83 on October 25th. It fell again and ended Q4 at $38.59.

How to Invest in Alphabet Stocks

Dealing with historical forecasts seems like one of the hardest things to do, but it remains the most consequential because it helps investors make good decisions. No one decides to invest solely in stocks because everyone else is – such an individual is doomed to fail. Much research into stock prices is required to determine the best time to invest.

Alphabet is a company that has thrived successfully because of a tech giant like Google. The Class A GOOGL stocks is profitable, but the decision to invest is more than a mere desire. It is important to fully understand the parameters for this stock investment so that you can reap the profits of your decision in the future.

In the meantime, you need to consider opening a brokerage account with a reliable online platform like eToro. This dedicated broker platform offers an opportunity to buy and sell stocks, including GOOGL. It also provides an opportunity for proper education about stock investment through its rich, accurate materials explaining GOOGL stock and its technical analysis.

Additionally, there is no investing without using appropriate strategies. Through the education eToro provides, you learn about the best strategies targeted at investment goals.

Below is a step-by-step guide on how to create a dedicated online brokerage account on eToro.

Step 1: Open an Account

The application process is straightforward.

Signup on eToro by entering personal details and other requested info.

Open an Account
Create Account

Step 2: Upload ID

Provide and confirm your identity by uploading your ID card. It could be a passport or driver’s license.

Proof of identity

Step 3: Make a Deposit

Set a budget for a stock investment and deposit an amount of money on the platform.

Make a Deposit

Step 4: Search for Alphabet

Go to the search field and enter Alphabet or GOOGL stocks.

Search for XXX

Step 5: Buy Alphabet (GOOGL)

The next page presents the option to buy GOOGL stocks. Buy as much as you can with your money deposit.

Trade

Conclusion

Alphabet Inc. tops the list of the world’s tech companies with the best innovations. This company has over 160 firms that have worked independently toward success. However, Google seems to be a major force from the list as it consistently operates to be more accountable and profitable.
The GOOGL stocks is one of its best innovations, allowing people to become shareholders. However, while there have been fluctuations in the prices of stocks since its IPO launch in 2004, it still has a bright future. This guide does justice for anyone interested in buying or selling GOOGL stocks by providing historical data and offering the best broker platform for success.

FAQ

  1. What is the Difference Between GOOG and GOOGL Stocks?

    Alphabet has two main stock ticker symbols – GOOGL and GOOG. The former is a Class A share that gives investors a right to stake and with voting rights, while the latter is a Class C share that gives stockholders a right to stake but without voting rights. They have the same price and are targeted to preserve a company's corporate control.

  2. Why Invest in Google Stock?

    GOOGL stock is a rewarding long-term investment. It has the potential to increase returns and offers great expectations.

  3. When is the Best Time to Buy Google Stock?

    There is no best time to buy GOOGL stock. The only thing is that before you do, ensure to spend some time researching materials and historical stock performance. You can make logical decisions on when and the strategy to use after reviewing the movements of stock prices.

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