Alphabet Inc (GOOGL) Gets a Buy Rating from Oppenheimer


Oppenheimer analyst Jason Helfstein maintained a Buy rating on Alphabet Inc (NASDAQ: GOOGL) today and set a price target of $1450. The company’s shares opened today at $1215.85.

According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 19.4% and a 63.6% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, ANGI Homeservices Inc, and IAC/InterActiveCorp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet Inc with a $1379.41 average price target, representing a 13.5% upside. In a report issued on August 15, Macquarie also maintained a Buy rating on the stock with a $1250 price target.

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Based on Alphabet Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $32.76 billion and net profit of $3.2 billion. In comparison, last year the company earned revenue of $26.01 billion and had a net profit of $3.52 billion.

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