Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank AG in a report issued on Wednesday. They presently have a $1,050.00 price objective on the stock. Deutsche Bank AG’s price target points to a potential upside of 29.35% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Mizuho restated a “buy” rating and issued a $1,020.00 target price (up from $1,010.00) on shares of Alphabet in a research report on Sunday, July 31st. Bank of America Corp. restated a “buy” rating and issued a $960.00 target price on shares of Alphabet in a research report on Monday, September 26th. Macquarie restated an “outperform” rating on shares of Alphabet in a research report on Tuesday, July 19th. Evercore ISI restated a “buy” rating and issued a $830.00 target price on shares of Alphabet in a research report on Tuesday, July 26th. Finally, JMP Securities boosted their target price on shares of Alphabet from $904.00 to $928.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, forty-seven have issued 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 target price of $926.50.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

Alphabet (NASDAQ:GOOGL) traded up 0.27% during mid-day trading on Wednesday, hitting $811.77. 905,703 shares of the stock traded hands. The stock has a market capitalization of $557.91 billion, a PE ratio of 31.45 and a beta of 1.00. The company has a 50 day moving average price of $800.52 and a 200-day moving average price of $760.57. Alphabet has a one year low of $670.70 and a one year high of $819.86.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, topping the consensus estimate of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. Equities analysts anticipate that Alphabet will post $34.11 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of GOOGL. Patten & Patten Inc. TN boosted its position in shares of Alphabet by 3.9% in the third quarter. Patten & Patten Inc. TN now owns 5,116 shares of the company’s stock valued at $4,114,000 after buying an additional 194 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Alphabet by 0.6% in the third quarter. Nisa Investment Advisors LLC now owns 101,753 shares of the company’s stock valued at $81,815,000 after buying an additional 582 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Alphabet by 2.6% in the third quarter. Capstone Asset Management Co. now owns 24,548 shares of the company’s stock valued at $19,738,000 after buying an additional 612 shares in the last quarter. Atria Investments LLC boosted its position in shares of Alphabet by 6.2% in the third quarter. Atria Investments LLC now owns 2,884 shares of the company’s stock valued at $2,319,000 after buying an additional 168 shares in the last quarter. Finally, Culbertson A N & Co. Inc. boosted its position in shares of Alphabet by 1.4% in the third quarter. Culbertson A N & Co. Inc. now owns 1,452 shares of the company’s stock valued at $1,167,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 34.12% of the company’s stock.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

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