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 $1150.51.
According to TipRanks.com, White is a top 25 analyst with an average return of 27.9% and a 79.5% 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 $1333.89, a 15.9% upside from current levels. In a report issued on July 9, Barclays also maintained a Buy rating on the stock with a $1315 price target.
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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 $36.2 billion and net profit of $6.66 billion. In comparison, last year the company earned revenue of $32.76 billion and had a net profit of $3.2 billion.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. Last month, Sundar Pichai, the CEO, Google LLC of GOOGL bought 4,872 shares for a total of $1,062,656.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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