Today, Alphabet Inc. (GOOGL) Given “Outperform” Rating at Robert W. Baird

Today, Alphabet Inc. (GOOGL) Given “Outperform” Rating at Robert W. Baird

Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “outperform” rating restated by investment analysts at Robert W. Baird in a note issued to investors on Tuesday. They currently have a $930.00 target price on the stock. Robert W. Baird’s target price points to a potential upside of 19.20% from the company’s previous close.

Several other equities research analysts have also recently commented on GOOGL. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 target price for the company. in a research note on Monday, July 11th. Jefferies Group reissued a “buy” rating on shares of Alphabet in a research note on Monday, July 11th. Pivotal Research reissued a “buy” rating and issued a $1,000.00 target price (up from $970.00) on shares of Alphabet in a research note on Monday, July 11th. BMO Capital Markets reissued an “outperform” rating and issued a $925.00 target price on shares of Alphabet in a research note on Tuesday, July 12th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $920.00 target price on shares of Alphabet in a research note on Sunday, July 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $940.44.

Alphabet (NASDAQ:GOOGL) opened at 780.23 on Tuesday. The firm has a market capitalization of $537.76 billion, a price-to-earnings ratio of 28.56 and a beta of 0.92. Alphabet has a 52-week low of $672.66 and a 52-week high of $839.00. The company’s 50-day moving average price is $800.21 and its 200 day moving average price is $771.86.

Several large investors have recently modified their holdings of the stock. Bank of Montreal Can bought a new stake in shares of Alphabet during the second quarter valued at about $761,801,000. The Manufacturers Life Insurance Company bought a new stake in shares of Alphabet during the third quarter valued at about $694,616,000. Emerald Acquisition Ltd. bought a new stake in shares of Alphabet during the second quarter valued at about $400,022,000. Boston Partners boosted its stake in shares of Alphabet by 150.0% in the second quarter. Boston Partners now owns 810,490 shares of the company’s stock valued at $570,204,000 after buying an additional 486,266 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Alphabet by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,198,649 shares of the company’s stock valued at $12,803,295,000 after buying an additional 375,941 shares during the period. Institutional investors and hedge funds own 34.14% of the company’s stock.

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