SunTrust Robinson analyst Youssef Squali reiterated a Buy rating on Alphabet Inc (NASDAQ: GOOGL) today and set a price target of $1225. The company’s shares closed yesterday at $1181.59, close to its 52-week high of $1198.
According to TipRanks.com, Squali is a top 100 analyst with an average return of 20.6% and a 72.9% success rate. Squali covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, TripAdvisor Inc, and Trade Desk Inc.
Currently, the analyst consensus on Alphabet Inc is Strong Buy and the average price target is $1276, representing a 8.0% upside.
In a report issued on January 18, KeyBanc also reiterated a Buy rating on the stock with a $1280 price target.
Based on Alphabet Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $27.96 billion and quarterly net profit of $6.73 billion. In comparison, last year the company earned revenue of $25.88 billion and had a net profit of $5.33 billion.
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