Alphabet Inc Gets a Buy from Jefferies

By Jason Carr

In a report released today, Brian Fitzgerald from Jefferies reiterated a Buy rating on Alphabet Inc (NASDAQ: GOOGL), with a price target of $1000. The company’s shares closed yesterday at $855.13.

According to TipRanks.com, Fitzgerald is a top 100 analyst with an average return of 15.6% and a 71.1% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Endurance International, Activision Blizzard, and IAC/InterActiveCorp.

Currently, the analyst consensus on Alphabet Inc is Strong Buy and the average price target is $997.32, representing a 16.6% upside.

In a report issued on April 3, Oppenheimer also reiterated a Buy rating on the stock with a $1000 price target.

Alphabet Inc’s market cap is currently $580.8B and has a P/E ratio of 30.67. The company has a book value ratio of 4.2517.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.