Pivotal Research Believes GOOGL Won’t Stop Here

By Ryan Adsit

Pivotal Research analyst Brian Wieser reiterated a Buy rating on Alphabet Inc (NASDAQ: GOOGL) on October 28 and set a price target of $1090. The company’s shares closed last Friday at $819.56, close to its 52-week high of $839.

According to TipRanks.com, Wieser is a 5-star analyst with an average return of 11.5% and a 69.9% success rate. Wieser covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Publicis Groupe SA, and Discovery Comms.

Currently, the analyst consensus on Alphabet Inc is Strong Buy and the average price target is $961.73, representing a 17.3% upside.

In a report issued on October 17, Credit Suisse also maintained a Buy rating on the stock with a $1070 price target.

Alphabet Inc’s market cap is currently $562.9B and has a P/E ratio of 31.75. The company has a book value ratio of 4.4015.