Monness analyst Brian White maintained a Buy rating on Alphabet Inc (NASDAQ: GOOGL) today and set a price target of $1415. The company’s shares closed yesterday at $1097.91.
According to TipRanks.com, White is a top 100 analyst with an average return of 16.8% and a 64.0% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Cloudera Inc, and Oracle Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet Inc with a $1384.72 average price target, representing a 26.1% upside. In a report issued on October 17, Wedbush also initiated coverage with a Buy rating on the stock with a $1350 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 $27.96 billion and had a net profit of $6.73 billion.
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