Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “buy” rating reiterated by stock analysts at MKM Partners in a research report issued on Thursday. They currently have a $1,210.00 target price on the information services provider’s stock, up from their previous target price of $1,170.00. MKM Partners’ target price would indicate a potential upside of 28.71% from the stock’s previous close.

A number of other analysts have also issued reports on GOOGL. B. Riley reissued a “buy” rating and issued a $1,032.00 price target on shares of Alphabet in a research note on Friday, April 28th. UBS AG reissued a “buy” rating and issued a $1,050.00 price target (up from $980.00) on shares of Alphabet in a research note on Saturday, April 29th. Piper Jaffray Companies reissued an “overweight” rating and issued a $1,050.00 price target on shares of Alphabet in a research note on Wednesday. Goldman Sachs Group, Inc. (The) decreased their price target on Alphabet from $1,100.00 to $970.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Finally, Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Monday, April 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,048.66.

Shares of Alphabet (GOOGL) traded down 1.01% during midday trading on Thursday, reaching $930.57. 648,596 shares of the company’s stock traded hands. The company has a market capitalization of $644.77 billion, a PE ratio of 33.72 and a beta of 0.99. The stock’s 50 day moving average is $959.12 and its 200-day moving average is $908.27. Alphabet has a 52 week low of $743.59 and a 52 week high of $1,008.61.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of GOOGL. Norges Bank bought a new stake in shares of Alphabet during the fourth quarter worth $2,411,505,000. Glenview Capital Management LLC bought a new stake in shares of Alphabet during the fourth quarter worth $605,119,000. Harbour Capital Advisors LLC boosted its stake in shares of Alphabet by 65,026.4% in the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after buying an additional 742,602 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Alphabet during the fourth quarter worth $341,958,000. Finally, Dodge & Cox bought a new stake in shares of Alphabet during the fourth quarter worth $260,940,000. Hedge funds and other institutional investors own 34.31% of the company’s stock.

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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