In a report released today, Brian White from Monness maintained a Buy rating on Alphabet (GOOGL), with a price target of $1360.00. The company’s shares closed last Monday at $1431.73, close to its 52-week high of $1500.58.
According to TipRanks.com, White is a top 100 analyst with an average return of 24.4% and a 73.1% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Salesforce.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet with a $1512.64 average price target, implying a 5.7% upside from current levels. In a report issued on January 13, Evercore ISI also maintained a Buy rating on the stock with a $1600.00 price target.
See today’s analyst top recommended stocks >>
Alphabet’s market cap is currently $987.4B and has a P/E ratio of 30.72. The company has a Price to Book ratio of 5.07.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GOOGL in relation to earlier this year.
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.
