A number of research firms have changed their ratings and price targets for Alphabet (NASDAQ: GOOGL):

  • 7/17/2017 – Alphabet had its “hold” rating reaffirmed by analysts at Pivotal Research. They now have a $980.00 price target on the stock, down previously from $990.00.
  • 7/17/2017 – Alphabet was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alphabet is one of the leading providers of target-based advertisements on the web. Over the last one year, the stock has outperformed the Zacks Internet-Services industry. Alphabet has shown good execution to date, more or less maintaining its dominant share in a competitive, fast-growing search market. Its focus on innovation, strategic acquisitions and Android OS should continue to generate strong cash flows. Its diversification strategy is also positive, but requires significant investment and involves uncertain payback periods, particularly since these efforts are at the cutting edge of technology. “
  • 7/17/2017 – Alphabet had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $1,050.00 price target on the stock.
  • 7/14/2017 – Alphabet had its “buy” rating reaffirmed by analysts at Argus. They now have a $968.72 price target on the stock, down previously from $1,085.00.
  • 7/12/2017 – Alphabet had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $1,100.00 price target on the stock.
  • 7/7/2017 – Alphabet was given a new $1,210.00 price target on by analysts at Societe Generale. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/5/2017 – Alphabet was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $1,030.26 price target on the stock.
  • 7/4/2017 – Alphabet had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $1,200.00 price target on the stock.
  • 7/4/2017 – Alphabet had its price target lowered by analysts at FBN Securities from $1,050.00 to $1,025.00. They now have an “outperform” rating on the stock.
  • 7/3/2017 – Alphabet was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $1,053.55 price target on the stock.
  • 7/3/2017 – Alphabet had its “outperform” rating reaffirmed by analysts at Robert W. Baird.
  • 7/3/2017 – Alphabet had its “buy” rating reaffirmed by analysts at Aegis. They now have a $1,090.00 price target on the stock.
  • 6/30/2017 – Alphabet had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
  • 6/28/2017 – Alphabet was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Alphabet is one of the leading providers of target-based advertisements on the web. The company's first quarter earnings exceeded the Zacks Consensus Estimate. Over the last one year, the stock has outperformed the Zacks Internet-Services industry. Alphabet has shown good execution to date, more or less maintaining its dominant share in a competitive, fast-growing search market. Its focus on innovation, strategic acquisitions and Android OS should continue to generate strong cash flows. Its diversification strategy is also positive, but requires significant investment and involves uncertain payback periods, particularly since these efforts are at the cutting edge of technology. “
  • 6/28/2017 – Alphabet had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $1,170.00 price target on the stock.
  • 6/27/2017 – Alphabet had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $1,070.00 price target on the stock. They wrote, “The European Commission fined Alphabet 2.42B Euros (~$2.7B USD) for anti-trust violations related to Google’s Shopping search comparison service.””
  • 6/27/2017 – Alphabet was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $1,069.98 price target on the stock.
  • 6/15/2017 – Alphabet was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating. They now have a $1,000.00 price target on the stock, up previously from $967.93.
  • 6/9/2017 – Alphabet had its “buy” rating reaffirmed by analysts at Moffett Nathanson.
  • 6/5/2017 – Alphabet was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $1,052.36 price target on the stock.
  • 6/2/2017 – Alphabet had its “buy” rating reaffirmed by analysts at Instinet.
  • 6/1/2017 – Alphabet had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $1,050.00 price target on the stock.
  • 5/28/2017 – Alphabet had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $1,200.00 price target on the stock, up previously from $950.00.
  • 5/24/2017 – Alphabet had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $1,050.00 price target on the stock.
  • 5/24/2017 – Alphabet had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $1,150.00 price target on the stock.
  • 5/22/2017 – Alphabet had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 5/22/2017 – Alphabet had its “buy” rating reaffirmed by analysts at Aegis.
  • 5/22/2017 – Alphabet had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 5/19/2017 – Alphabet had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $1,100.00 price target on the stock.

Alphabet Inc. (NASDAQ GOOGL) traded up 0.91% during mid-day trading on Tuesday, hitting $984.80. 623,646 shares of the company’s stock traded hands. Alphabet Inc. has a one year low of $734.64 and a one year high of $1,008.61. The firm’s 50-day moving average price is $972.78 and its 200-day moving average price is $880.30. The stock has a market cap of $681.23 billion, a PE ratio of 33.28 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share for the quarter, topping the consensus estimate of $7.24 by $0.49. The firm had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $19.65 billion. Alphabet had a return on equity of 15.16% and a net margin of 21.84%. During the same quarter in the previous year, the business earned $7.50 earnings per share. On average, analysts forecast that Alphabet Inc. will post $34.03 EPS for the current fiscal year.

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.

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