In a report released today, Doug Anmuth from J.P. Morgan maintained a Buy rating on Alphabet Class A, with a price target of $260.00. The company’s shares closed yesterday at $244.15.
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Anmuth covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Netflix, and Alphabet Class C. According to TipRanks, Anmuth has an average return of 22.8% and a 64.71% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet Class A with a $255.78 average price target, a 4.76% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $252.00 price target.
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
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