In a report released today, Stephen Ju from Credit Suisse maintained a Buy rating on Alphabet Inc (NASDAQ: GOOGL), with a price target of $1330. The company’s shares opened today at $1203.81, close to its 52-week high of $1210.44.
According to TipRanks.com, Ju is a top 100 analyst with an average return of 23.8% and a 76.8% success rate. Ju covers the Technology sector, focusing on stocks such as Activision Blizzard, Mercadolibre, and Facebook.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet Inc with a $1267.73 average price target, implying a 5.3% upside from current levels. In a report issued on July 11, Nomura also initiated coverage with a Buy rating on the stock.
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Based on Alphabet Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $31.39 billion and net profit of $9.4 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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