Alphabet Inc (NASDAQ:GOOGL) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $909.92 price target on the information services provider’s stock. Vetr‘s target price suggests a potential upside of 5.93% from the company’s current price.

A number of other equities analysts have also weighed in on GOOGL. B. Riley reaffirmed a “buy” rating and set a $990.00 target price on shares of Alphabet in a research note on Wednesday, February 1st. Canaccord Genuity reduced their target price on shares of Alphabet from $950.00 to $925.00 and set a “buy” rating on the stock in a research note on Thursday, December 1st. Aegis assumed coverage on shares of Alphabet in a research note on Wednesday, December 21st. They set a “buy” rating and a $980.00 target price on the stock. Robert W. Baird reaffirmed an “outperform” rating on shares of Alphabet in a research note on Wednesday, December 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research note on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $964.41.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet (NASDAQ:GOOGL) opened at 858.95 on Tuesday. The stock has a market capitalization of $593.90 billion, a P/E ratio of 30.81 and a beta of 0.98. The stock has a 50 day moving average price of $852.11 and a 200 day moving average price of $823.28. Alphabet has a 52 week low of $672.66 and a 52 week high of $874.42.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, January 26th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $7.65 by $1.71. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The business had revenue of $21.22 billion for the quarter, compared to analyst estimates of $20.58 billion. During the same quarter last year, the business earned $8.67 earnings per share. On average, equities research analysts expect that Alphabet will post $33.33 EPS for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. raised its position in shares of Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock valued at $135,000 after buying an additional 1 shares during the period. Park Avenue Securities LLC raised its position in shares of Alphabet by 0.7% in the third quarter. Park Avenue Securities LLC now owns 308 shares of the information services provider’s stock valued at $247,000 after buying an additional 2 shares during the period. Alpha Windward LLC raised its position in shares of Alphabet by 0.9% in the third quarter. Alpha Windward LLC now owns 222 shares of the information services provider’s stock valued at $179,000 after buying an additional 2 shares during the period. Fort Pitt Capital Group LLC increased its stake in Alphabet by 0.3% in the fourth quarter. Fort Pitt Capital Group LLC now owns 760 shares of the information services provider’s stock valued at $602,000 after buying an additional 2 shares in the last quarter. Finally, Independence Advisors LLC increased its stake in Alphabet by 0.5% in the third quarter. Independence Advisors LLC now owns 618 shares of the information services provider’s stock valued at $497,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

5 Day Chart for NASDAQ:GOOGL

To view Vetr’s full report, visit Vetr’s official website.

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