Alphabet Inc (NASDAQ:GOOGL) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $909.92 price objective on the stock. Vetr‘s price target points to a potential upside of 4.89% from the company’s previous close.

GOOGL has been the topic of a number of other reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $960.00 price target on shares of Alphabet in a research note on Sunday, March 5th. Wedbush reaffirmed an “underperform” rating and issued a $700.00 price target on shares of Alphabet in a research note on Wednesday, February 15th. Morgan Stanley upped their price target on shares of Alphabet from $950.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. Pivotal Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating and dropped their price target for the stock from $970.00 to $950.00 in a research note on Monday. Finally, Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $923.00 price target on the stock in a research note on Monday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $963.60.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

Alphabet (NASDAQ:GOOGL) opened at 867.91 on Tuesday. The firm has a market cap of $600.09 billion, a PE ratio of 31.13 and a beta of 0.98. The company has a 50 day moving average price of $844.45 and a 200 day moving average price of $814.97. Alphabet has a 1-year low of $672.66 and a 1-year high of $874.42.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, January 26th. The company reported $9.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $9.64 by $0.28. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. During the same quarter last year, the company earned $8.67 earnings per share. On average, equities research analysts forecast that Alphabet will post $33.41 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of GOOGL. Alpha Windward LLC raised its stake in Alphabet by 0.9% in the third quarter. Alpha Windward LLC now owns 222 shares of the company’s stock valued at $179,000 after buying an additional 2 shares during the last quarter. Park Avenue Securities LLC raised its stake in Alphabet by 0.7% in the third quarter. Park Avenue Securities LLC now owns 308 shares of the company’s stock valued at $247,000 after buying an additional 2 shares during the last quarter. Fort Pitt Capital Group LLC raised its stake in Alphabet by 0.3% in the fourth quarter. Fort Pitt Capital Group LLC now owns 760 shares of the company’s stock valued at $602,000 after buying an additional 2 shares during the last quarter. Independence Advisors LLC raised its stake in Alphabet by 0.5% in the third quarter. Independence Advisors LLC now owns 618 shares of the company’s stock valued at $497,000 after buying an additional 3 shares during the last quarter. Finally, Tarbox Group Inc. raised its stake in Alphabet by 1.9% in the third quarter. Tarbox Group Inc. now owns 163 shares of the company’s stock valued at $131,000 after buying an additional 3 shares during the last quarter. 34.98% of the stock is owned by institutional investors.

Alphabet Company Profile

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

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