Today Credit Suisse Keeps a “Outperform” Rating on Alphabet (NASDAQ:GOOGL) and a $1350 Target Price

April 21, 2018 - By Ellis Scott

Alphabet Inc. (NASDAQ:GOOGL) Logo

Alphabet (NASDAQ:GOOGL) Rating Reaffirmed

Alphabet (NASDAQ:GOOGL) just had their share rating of a ‘”Outperform”‘ issued by research analysts at Credit Suisse, who now has a $1350 target on the $746.27 billion market cap company or a 25.31 % upside potential. This key information was revealed in analysts note on 20 April.

Alphabet Inc. (NASDAQ:GOOGL) Ratings Coverage

Among 26 analysts covering Alphabet Inc (NASDAQ:GOOGL), 22 have Buy rating, 0 Sell and 4 Hold. Therefore 85% are positive. Alphabet Inc has $1475.0 highest and $1000 lowest target. $1261.25’s average target is 17.07% above currents $1077.32 stock price. Alphabet Inc had 45 analyst reports since October 22, 2017 according to SRatingsIntel. RBC Capital Markets maintained Alphabet Inc. (NASDAQ:GOOGL) rating on Thursday, February 1. RBC Capital Markets has “Buy” rating and $1285.0 target. The company was maintained on Wednesday, March 28 by Aegis Capital. The stock of Alphabet Inc. (NASDAQ:GOOGL) earned “Buy” rating by Susquehanna on Friday, February 2. The firm has “Buy” rating given on Monday, January 8 by Credit Suisse. As per Monday, October 23, the company rating was maintained by J.P. Morgan. Aegis Capital maintained the shares of GOOGL in report on Tuesday, October 24 with “Buy” rating. The firm earned “Buy” rating on Friday, October 27 by Needham. BMO Capital Markets maintained Alphabet Inc. (NASDAQ:GOOGL) rating on Friday, February 2. BMO Capital Markets has “Market Perform” rating and $1100 target. The firm earned “Buy” rating on Friday, October 27 by RBC Capital Markets. Morgan Stanley maintained it with “Outperform” rating and $1200 target in Friday, February 2 report.

The stock decreased 1.11% or $12.13 during the last trading session, reaching $1077.32. About 1.88M shares traded. Alphabet Inc. (NASDAQ:GOOGL) has risen 20.09% since April 21, 2017 and is uptrending. It has outperformed by 8.54% the S&P500.

Analysts await Alphabet Inc. (NASDAQ:GOOGL) to report earnings on April, 23 after the close. They expect $9.21 earnings per share, up 19.15 % or $1.48 from last year’s $7.73 per share. GOOGL’s profit will be $6.38B for 29.24 P/E if the $9.21 EPS becomes a reality. After $9.70 actual earnings per share reported by Alphabet Inc. for the previous quarter, Wall Street now forecasts -5.05 % negative EPS growth.

Alphabet Inc., through its subsidiaries, provides online advertising services in the United States, the United Kingdom, and rest of the world. The company has market cap of $746.27 billion. The firm offers performance and brand advertising services. It has a 59.86 P/E ratio. It operates through Google and Other Bets divisions.

Alphabet Inc. (NASDAQ:GOOGL) Ratings Chart

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