Monness Sticks to Its Buy Rating for Alphabet Inc (GOOGL)
Monness analyst Brian White maintained a Buy rating on Alphabet Inc (GOOGL) today and set a price target of $1315. The company’s shares closed yesterday at $1141.42.
According to TipRanks.com, White is a top 100 analyst with an average return of 21.5% and a 70.4% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Cloudera Inc.
Alphabet Inc has an analyst consensus of Strong Buy, with a price target consensus of $1374.08, which is a 20.4% upside from current levels. In a report issued on January 22, Pivotal Research also reiterated a Buy rating on the stock with a $1240 price target.
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Based on Alphabet Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $33.66 billion and net profit of $9.19 billion. In comparison, last year the company earned revenue of $32.52 billion and had a GAAP net loss of $3.02 billion.
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