Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a research note issued on Monday. They currently have a $1,075.00 price target on the information services provider’s stock. Stifel Nicolaus’ target price indicates a potential upside of 13.97% from the company’s current price.

Several other analysts also recently weighed in on the company. B. Riley restated a “buy” rating and issued a $1,050.00 price target on shares of Alphabet in a research note on Monday. Robert W. Baird reiterated an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Saturday. SunTrust Banks, Inc. reiterated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Saturday. Cantor Fitzgerald reiterated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Thursday. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $1,200.00 target price on shares of Alphabet in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $1,054.01.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the consensus estimate of $8.25 by ($3.24). The company had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter in the previous year, the company earned $8.42 EPS.

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Several large investors have recently made changes to their positions in the business. MPS Loria Financial Planners LLC purchased a new position in shares of Alphabet during the second quarter valued at approximately $233,000. Griffin Asset Management Inc. purchased a new position in shares of Alphabet during the second quarter valued at approximately $406,000. Gs Investments Inc. purchased a new position in shares of Alphabet during the second quarter valued at approximately $1,811,000. Lord Abbett & CO. LLC boosted its position in shares of Alphabet by 0.4% during the second quarter. Lord Abbett & CO. LLC now owns 119,889 shares of the information services provider’s stock valued at $111,458,000 after buying an additional 440 shares during the period. Finally, USA Financial Portformulas Corp purchased a new position in shares of Alphabet during the second quarter valued at approximately $5,555,000. Institutional investors and hedge funds own 33.85% of the company’s stock.

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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