What google price prediction for next week

Google's stock price is expected to face a decline in the near term. Here's an analysis to support this prediction:

1. Recent Performance and Market Sentiment:
   • Google's stock closed at $163.92 on October 8, 2024.
   • The stock has experienced a 1.84% decline over the past week, which could indicate a bearish trend in the short term.
2. Technical Indicators:
   • The 5-day moving average is $165.04, the 10-day is $164.62, and the 20-day is $161.83. The fact that the stock is trading below these short-term and medium-term moving averages suggests a bearish trend.

3. Price Forecast:
   • The forecast price for the next ten trading days is as follows: $151.16 on October 8, $154.25 on October 9, $151.16 on October 10, $151.16 on October 11, $143.98 on October 14, $142.93 on October 15, $148.6 on October 16, $146.01 on October 17, and $146.01 on October 18.
   • These forecasts suggest a general downward trend, with prices potentially stabilizing or slightly recovering by the end of the week.

4. Market Impacting Factors:
   • Alphabet has faced regulatory challenges, including a lawsuit that led to a court order to restructure its app store. Such legal uncertainties can negatively impact investor confidence and stock prices.
   • Additionally, the Department of Justice is expected to outline potential remedies to dismantle Google's dominance in the online search market, which could lead to further volatility.
5. Analyst Ratings and Price Targets:
   • Recent analyst ratings have been mixed, with some downgrades and price target reductions, such as UBS Group's trim to $187.00. This could reflect a more cautious outlook from analysts, which might influence the stock's price.
   • However, there are still positive expectations, as evidenced by Wolfe Research's upgrade to a strong-buy rating with a price target of $215.00.

In conclusion, while there are some positive indicators and forecasts, the current technical trends and regulatory challenges suggest that Google's stock price may face a decline in the short term. Investors should closely monitor these factors and consider their risk tolerance before making investment decisions.