Mizuho Securities analyst James Lee maintained a Buy rating on Alphabet Class A (GOOGL) today and set a price target of $2100.00. The company’s shares closed last Monday at $1877.39, close to its 52-week high of $1932.08.
According to TipRanks.com, Lee is a 5-star analyst with an average return of 21.7% and a 76.2% success rate. Lee covers the Technology sector, focusing on stocks such as Uber Technologies, Tencent Holdings, and Facebook.
Currently, the analyst consensus on Alphabet Class A is a Strong Buy with an average price target of $1984.32, which is a 3.7% upside from current levels. In a report issued on January 11, Jefferies also maintained a Buy rating on the stock with a $2150.00 price target.
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Alphabet Class A’s market cap is currently $1280.2B and has a P/E ratio of 36.60. The company has a Price to Book ratio of 6.72.
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Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.
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