Alphabet Inc (GOOGL) Received its Third Buy in a Row

After Robert W. Baird and Credit Suisse gave Alphabet Inc (NASDAQ: GOOGL) a Buy rating last month, the company received another Buy, this time from UBS. Analyst Eric Sheridan maintained a Buy rating on Alphabet Inc today and set a price target of $1420. The company’s shares opened today at $1170.80.

According to TipRanks.com, Sheridan is a top 100 analyst with an average return of 15.3% and a 69.3% success rate. Sheridan covers the Technology sector, focusing on stocks such as Spotify Technology SA, IAC/InterActiveCorp, and Match Group Inc.

Alphabet Inc has an analyst consensus of Strong Buy, with a price target consensus of $1348, implying a 15.1% upside from current levels. In a report issued on April 30, Monness also maintained a Buy rating on the stock with a $1315 price target.

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Based on Alphabet Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $36.2 billion and net profit of $6.66 billion. In comparison, last year the company earned revenue of $31.39 billion and had a net profit of $9.4 billion.

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