Alphabet Inc (NASDAQ:GOOGL) Stock Target Raised
In an analyst note revealed by MKM Partners on Friday, 19 February, Alphabet Inc (NASDAQ:GOOGL) had its price target increased to $950.00. The firm at present has Buy rating on the stock.
Out of 45 analysts covering Google (NASDAQ:GOOGL), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. $1080 is the highest target while $800 is the lowest. The $925.07 average target is 19.45% above today’s ($721.82) stock price. Google was the topic in 61 analyst reports since August 8, 2015 according to StockzIntelligence Inc. Axiom Capital maintained the stock on February 2 with “Buy” rating. Credit Suisse maintained it with “Outperform” rating and $900 target price in a January 12 report. RBC Capital Markets maintained the shares of GOOGL in a report on February 2 with “Outperform” rating. Pacific Crest maintained the firm’s rating on December 21. Pacific Crest has “Overweight” rating and $850.0 price target. Finally, Wedbush maintained the stock with “Neutral” rating in a January 29 report.
About 1.15 million shares traded hands. Alphabet Inc (NASDAQ:GOOGL) has risen 22.87% since July 15, 2015 and is uptrending. It has outperformed by 31.87% the S&P500.
Analysts await Alphabet Inc (NASDAQ:GOOGL) to reports earnings on April, 28. They expect $6.40 EPS, up 23.08% or $1.20 from last year’s $5.2 per share. GOOGL’s profit will be $4.26B for 28.20 P/E if the $6.40 EPS becomes reality. After $7.06 actual EPS reported by Alphabet Inc for the previous quarter, Wall Street now forecasts -9.35% negative EPS growth.
Alphabet Inc is a collection of Companies. The company has a market cap of $480.13 billion. The Company’s collection include Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X. It has 31.63 P/E ratio. These will be managed separately in Alphabet.
According to Zacks Investment Research, “Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.”
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