Google (GOOGL) was upgraded to a Strong Buy by the POWR Ratings. Some of its recent positive developments include a strong earnings report, analysts hiking earnings estimates, and an improving growth outlook.This week Alphabet (NASDAQ:GOOGL) was upgraded to an A rating, which translates to a Strong Buy by the POWR Ratings system. This is a result of a strong Q1 earnings reports, increased earnings estimates, improving valuation, and strong growth.
The POWR Ratings is calculated by analyzing 118 different factors - each with its own unique weight. A-rated stocks have an average annual performance of 30.7% which compares favorably to the S&P 500 at 7.3%.
The POWR Ratings also analyze stocks based on different categories to provide additional insight for investors and help them make better decisions. Scores are updated daily, and upgrades and downgrades are often a meaningful signal. Now, let’s look at some of the catalysts driving improvements in GOOGL’s outlook and POWR Ratings score.