Alphabet Inc. (GOOGL) Stock Rating Reaffirmed by Robert W. Baird

Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “buy” rating restated by investment analysts at Robert W. Baird in a research note issued on Monday. They presently have a $1,100.00 price objective on the information services provider’s stock. Robert W. Baird’s price target would indicate a potential upside of 16.20% from the company’s current price.

Several other analysts have also recently weighed in on GOOGL. UBS AG reaffirmed a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Monday, May 15th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Alphabet in a report on Monday, May 22nd. Aegis reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 22nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,053.45.

Alphabet (NASDAQ GOOGL) opened at 946.65 on Monday. The stock has a market cap of $655.91 billion, a P/E ratio of 34.31 and a beta of 0.98. Alphabet has a 52-week low of $743.59 and a 52-week high of $1,008.61. The firm’s 50-day moving average is $943.78 and its 200-day moving average is $924.84.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by ($3.24). The business had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the prior year, the company posted $8.42 EPS. Equities research analysts predict that Alphabet will post $30.59 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in the company. Griffin Asset Management Inc. acquired a new position in shares of Alphabet during the 2nd quarter worth $406,000. Gs Investments Inc. acquired a new position in shares of Alphabet during the 2nd quarter worth $1,811,000. Lord Abbett & CO. LLC raised its stake in shares of Alphabet by 0.4% during the 2nd quarter. Lord Abbett & CO. LLC now owns 119,889 shares of the information services provider’s stock worth $111,458,000 after buying an additional 440 shares during the last quarter. USA Financial Portformulas Corp acquired a new position in shares of Alphabet during the 2nd quarter worth $5,555,000. Finally, Paradigm Financial Advisors LLC raised its stake in shares of Alphabet by 4.5% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 2,456 shares of the information services provider’s stock worth $2,283,000 after buying an additional 106 shares during the last quarter. 33.88% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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