In a report released yesterday, Andrew Boone from Citizens JMP reiterated a Buy rating on Alphabet Class A, with a price target of $225.00. The company’s shares closed yesterday at $195.04.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Boone is a 5-star analyst with an average return of 11.3% and a 54.49% success rate. Boone covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Upwork.
In addition to Citizens JMP, Alphabet Class A also received a Buy from Robert W. Baird’s Colin Sebastian in a report issued yesterday. However, on August 3, Wells Fargo assigned a Hold rating to Alphabet Class A (NASDAQ: GOOGL).
Based on Alphabet Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $96.43 billion and a net profit of $28.2 billion. In comparison, last year the company earned a revenue of $84.74 billion and had a net profit of $23.62 billion
Read More on GOOGL:
- Figma Stock (FIG) Tanks 27% after Stellar IPO
- Google (GOOGL) Strikes Historic Deals with U.S. Utilities to Ease Power Grid Strain
- Amazon (AMZN) Shutters Its Wondery Podcast Studio and Lays Off Staff
- ‘Buy the Pullback,’ Says JPMorgan after Amazon Stock (AMZN) Slips Despite a Strong Q2
- Why the Tech Industry’s Relaxed Work Culture Is Over