Recent Investment Analysts’ Ratings Updates for Alphabet (GOOGL)

Alphabet (NASDAQ: GOOGL) has recently received a number of price target changes and ratings updates:

  • 2/6/2018 – Alphabet was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $1,211.78 price target on the stock.
  • 2/5/2018 – Alphabet was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $1,243.88 price target on the stock.
  • 2/5/2018 – Alphabet had its price target raised by analysts at Argus to $1,300.00.
  • 2/4/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Aegis. They now have a $1,350.00 price target on the stock.
  • 2/2/2018 – Alphabet had its price target raised by analysts at Oppenheimer Holdings Inc. from $1,180.00 to $1,340.00. They now have a “hold” rating on the stock.
  • 2/2/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $1,285.00 price target on the stock.
  • 2/2/2018 – Alphabet had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $1,100.00 price target on the stock, up previously from $1,080.00.
  • 2/2/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $1,360.00 price target on the stock, up previously from $1,340.00. They wrote, “Sprint’s wireless revenue declined by 3% YOY in F3Q17, a 1% beat. Consolidated cash EBITDA of $1.73B beat our $1.69B estimate, growing 7% YOY, and a still low 21% margin. Phone adds of 184K were below our Street-low 225K estimate as T/VZ had strong quarters (BoGo/Unlimited/Video Bundling). Postpaid phone churn rose 13 bps to 1.71%, in line with our estimate, as Sprint keeps prices high. The company maintained EBITDA guidance but lowered CAPX guidance. Network speeds are up 60% YoY. Sprint has deployed 80K Magic Boxes and plans to deploy more than 1M, a very smart strategy. We look for color on 3Q trends from expiring promotional offers. Our main concerns are weak network coverage and revenue growth .””
  • 2/2/2018 – Alphabet had its “outperform” rating reaffirmed by analysts at Morgan Stanley. They now have a $1,200.00 price target on the stock, down previously from $1,215.00.
  • 2/2/2018 – Alphabet had its price target raised by analysts at Citigroup Inc to $1,350.00. 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.
  • 2/2/2018 – Alphabet was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $1,150.00 price target on the stock.
  • 2/2/2018 – Alphabet had its price target raised by analysts at Barclays PLC from $1,260.00 to $1,330.00. They now have an “overweight” rating on the stock.
  • 2/2/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $1,275.00 price target on the stock.
  • 2/1/2018 – Alphabet had its “outperform” rating reaffirmed by analysts at William Blair.
  • 1/30/2018 – Alphabet had its price target raised by analysts at B. Riley from $1,200.00 to $1,375.00. They now have a “buy” rating on the stock.
  • 1/29/2018 – Alphabet was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $1,243.88 price target on the stock.
  • 1/29/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $1,400.00 price target on the stock.
  • 1/29/2018 – Alphabet was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $1,330.00 price target on the stock. According to Zacks, “Alphabet's stock has outperformed the industry it belongs to on a 12-month basis. Alphabet's strong advertising revenues and improving paid click growth remain the growth drivers. Its focus on innovation, AI, cloud, home automation space, strategic acquisitions and Android OS should continue to generate strong cash flows. Alphabet has shown good execution to date, more or less maintaining its dominant share in a competitive, fast-growing search market. 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.  However, increasing litigation issues could continue to impact the company’s profits.”
  • 1/29/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Monness Crespi & Hardt. They now have a $1,250.00 price target on the stock, up previously from $1,120.00.
  • 1/26/2018 – Alphabet had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $1,215.00 price target on the stock, up previously from $1,210.00.
  • 1/23/2018 – Alphabet was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $1,212.65 price target on the stock.
  • 1/19/2018 – Alphabet had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $1,280.00 price target on the stock, up previously from $1,150.00.
  • 1/17/2018 – Alphabet was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Alphabet's stock has outperformed the industry it belongs to on a 12-month basis. Alphabet's strong advertising revenues and improving paid click growth remain the growth drivers. Its focus on innovation, AI, cloud, home automation space, strategic acquisitions and Android OS should continue to generate strong cash flows. Alphabet has shown good execution to date, more or less maintaining its dominant share in a competitive, fast-growing search market. 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.  However, increasing litigation issues could continue to impact the company’s profits.”
  • 1/16/2018 – Alphabet was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $1,266.00 price target on the stock. According to Zacks, “Alphabet's stock has outperformed the industry it belongs to on a 12-month basis. Alphabet's strong advertising revenues and improving paid click growth remain the growth drivers. Its focus on innovation, AI, cloud, home automation space, strategic acquisitions and Android OS should continue to generate strong cash flows. Alphabet has shown good execution to date, more or less maintaining its dominant share in a competitive, fast-growing search market. 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.  However, increasing litigation issues could continue to impact the company’s profits.”
  • 1/15/2018 – Alphabet had its price target lowered by analysts at SunTrust Banks, Inc. from $1,250.00 to $1,180.00.
  • 1/12/2018 – Alphabet had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $1,250.00 price target on the stock.
  • 1/9/2018 – Alphabet was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $1,248.00 price target on the stock. According to Zacks, “Alphabet's stock has outperformed the industry it belongs to on a 12-month basis. Alphabet's strong advertising revenues and improving paid click growth remain the growth drivers. Its focus on innovation, AI, cloud, home automation space, strategic acquisitions and Android OS should continue to generate strong cash flows. Alphabet has shown good execution to date, more or less maintaining its dominant share in a competitive, fast-growing search market. 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.  However, increasing litigation issues could continue to impact the company’s profits.”
  • 1/8/2018 – Alphabet was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Alphabet's stock has outperformed the industry it belongs to on a 12-month basis. Alphabet's strong advertising revenues and improving paid click growth remain the growth drivers. Its focus on innovation, AI, cloud, home automation space, strategic acquisitions and Android OS should continue to generate strong cash flows. Alphabet has shown good execution to date, more or less maintaining its dominant share in a competitive, fast-growing search market. 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.  However, increasing litigation issues could continue to impact the company’s profits.”
  • 1/8/2018 – Alphabet was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $1,179.78 price target on the stock.
  • 1/4/2018 – Alphabet was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $1,137.28 price target on the stock.
  • 1/4/2018 – Alphabet had its price target raised by analysts at Cowen Inc from $1,150.00 to $1,230.00. They now have an “outperform” rating on the stock.
  • 1/2/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $1,150.00 price target on the stock.
  • 12/26/2017 – Alphabet was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $1,120.76 price target on the stock.
  • 12/26/2017 – Alphabet was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $1,199.00 price target on the stock. According to Zacks, “Alphabet's strong advertising revenues and improving paid click growth remain the growth drivers. Its focus on innovation, AI, cloud, home automation space, strategic acquisitions and Android OS should continue to generate strong cash flows. Alphabet has shown good execution to date, more or less maintaining its dominant share in a competitive, fast-growing search market. 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. On a year to date basis, the stock has outperformed the industry it belongs to. However, increasing litigation issues could continue to impact the company’s profits.”

Shares of Alphabet Inc (NASDAQ GOOGL) traded up $8.29 during midday trading on Monday, reaching $1,054.56. 2,811,249 shares of the company were exchanged, compared to its average volume of 2,120,000. Alphabet Inc has a fifty-two week low of $824.30 and a fifty-two week high of $1,198.00. The company has a market capitalization of $729,860.00, a P/E ratio of 58.72, a PEG ratio of 1.08 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing analysts’ consensus estimates of $10.12 by ($0.42). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The firm had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $25.65 billion. analysts anticipate that Alphabet Inc will post 42.51 earnings per share for the current 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.

Receive News & Ratings for Alphabet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply