After Monness and Guggenheim gave Alphabet Inc (NASDAQ: GOOGL) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Michael Pachter maintained a Buy rating on Alphabet Inc today and set a price target of $1350. The company’s shares closed yesterday at $1260.05, close to its 52-week high of $1291.44.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -0.6% and a 51.8% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Amazon.com, Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet Inc with a $1347.48 average price target, representing a 6.9% upside. In a report issued on April 11, Cowen & Co. also maintained a Buy rating on the stock with a $1420 price target.
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Alphabet Inc’s market cap is currently $876.4B and has a P/E ratio of 28.83. The company has a Price to Book ratio of 4.93.
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