Alphabet Inc. (NASDAQ:GOOGL) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The firm currently has a $890.66 price objective on the stock. Vetr‘s price target would suggest a potential upside of 14.90% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Jefferies Group reiterated a “buy” rating and set a $925.00 target price on shares of Alphabet in a report on Monday, July 18th. Robert W. Baird reiterated a “buy” rating on shares of Alphabet in a report on Sunday, July 17th. Bank of America Corp. reiterated a “buy” rating and set a $925.00 target price on shares of Alphabet in a report on Sunday, July 17th. Credit Suisse Group AG reiterated a “buy” rating and set a $920.00 target price on shares of Alphabet in a report on Sunday, July 17th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $940.00 target price on shares of Alphabet in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $940.66.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet (NASDAQ:GOOGL) opened at 775.16 on Monday. Alphabet has a 52 week low of $672.66 and a 52 week high of $839.00. The stock’s 50 day moving average price is $804.75 and its 200-day moving average price is $769.01. The company has a market cap of $534.27 billion, a PE ratio of 28.37 and a beta of 0.92.

A number of institutional investors have recently modified their holdings of the company. RPg Family Wealth Advisory LLC increased its position in shares of Alphabet by 182.3% in the first quarter. RPg Family Wealth Advisory LLC now owns 350 shares of the company’s stock worth $267,000 after buying an additional 226 shares during the period. Optimum Investment Advisors increased its position in shares of Alphabet by 13.1% in the first quarter. Optimum Investment Advisors now owns 1,034 shares of the company’s stock worth $789,000 after buying an additional 120 shares during the period. Rafferty Asset Management LLC increased its position in shares of Alphabet by 107.4% in the first quarter. Rafferty Asset Management LLC now owns 1,176 shares of the company’s stock worth $897,000 after buying an additional 609 shares during the period. State Street Corp increased its position in shares of Alphabet by 0.4% in the first quarter. State Street Corp now owns 11,181,006 shares of the company’s stock worth $8,529,984,000 after buying an additional 39,282 shares during the period. Finally, Pegasus Partners Ltd. increased its position in shares of Alphabet by 20.5% in the first quarter. Pegasus Partners Ltd. now owns 836 shares of the company’s stock worth $638,000 after buying an additional 142 shares during the period. 34.07% of the stock is owned by institutional investors.

About Alphabet

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

Receive News & Stock Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related stocks with our FREE daily email newsletter.