The price objective of Alphabet (NASDAQ: GOOG) was increased to $2600 from $2400 by analysts of Cowen on 15th April, Thursday. The firm currently has a rating of “outperform” for the stock. The new price objective signals a potential 15.31% upside from the current price of the stock.
Detailed Commentary On GOOG Stock
GOOG shares opened on Thursday at a value of $2254.84. The company has a 3.39 quick ration and a 3.41 current ratio. The moving average for the stock over 50 days stands at $2101.58 while that over 200 days stands at $1849.02. The highest value of the stock in a period of one year is $2289.04 while the lowest is $1209.71. The market capitalization of the stock is $1.52T with a 43.57 PE ratio and a 0.98 beta.
Quite a few research analysts have issued their reports on GOOG stock. Wolfe Research issued a rating of “outperform” with a price target of $2450 on 31st March, Wednesday. Goldman Sachs reissued the rating of “buy” for the stock on 3rd February, Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective to $2600 from $2250 and issued a rating of “buy” on 3rd February, Wednesday. Finally, Raymond James increased their price target to $2440 from $1800 and issued a rating of “outperform” on 3rd February, Wednesday. The stock has a general “buy” rating with a $2280.05 consensus price objective.
John Kent Walker, the SVP, sold off 2570 of the GOOG shares on 29th March, Monday at a $2037.34 average price per share. Philipp Schindler, another SVP, sold off 18712 of the shares on 1st February, Monday at a $1852.09 average price per share. 12.99% of stocks are owned by company insiders.
Morgan Stanley, JP Morgan Chase & Co., Nuveen Asset Management LLC, FMR LLC, and Price T Rowe Associates Inc. MD all boosted their share of GOOG stock.
