Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “buy” rating reaffirmed by stock analysts at Mizuho in a research note issued to investors on Monday, Marketbeat reports. They presently have a $1,220.00 price objective on the information services provider’s stock. Mizuho’s target price indicates a potential upside of 29.00% from the stock’s previous close.

A number of other analysts have also weighed in on the company. B. Riley restated a “buy” rating and set a $1,032.00 target price on shares of Alphabet in a report on Friday, April 28th. MKM Partners restated a “buy” rating and set a $1,000.00 target price on shares of Alphabet in a report on Tuesday, April 25th. Jefferies Group LLC restated a “buy” rating and set a $1,000.00 target price on shares of Alphabet in a report on Tuesday, April 18th. Instinet reiterated a “buy” rating and set a $925.00 price objective on shares of Alphabet in a report on Tuesday, April 25th. Finally, Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $962.00 price objective for the company in a report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,047.77.

Alphabet (NASDAQ:GOOGL) opened at 945.75 on Monday. Alphabet has a 52-week low of $743.59 and a 52-week high of $1,008.61. The company’s 50-day moving average price is $963.05 and its 200 day moving average price is $904.34. The company has a market capitalization of $655.29 billion, a price-to-earnings ratio of 34.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.25 by $3.24. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. During the same period last year, the company earned $8.42 EPS. On average, equities analysts expect that Alphabet will post $30.60 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in Alphabet during the second quarter valued at approximately $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in Alphabet during the first quarter valued at approximately $108,000. Delta Asset Management LLC TN raised its position in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares during the period. Parkside Financial Bank & Trust raised its position in Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after buying an additional 36 shares during the period. Finally, Farmers National Bank raised its position in Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares during the period. 34.31% of the stock is owned by institutional investors.

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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