Morgan Stanley Believes Alphabet Class A (NASDAQ: GOOGL) Won’t Stop Here

By Ryan Adsit

Morgan Stanley analyst Brian Nowak maintained a Buy rating on Alphabet Class A (GOOGLResearch Report) today and set a price target of $2350.00. The company’s shares closed last Wednesday at $2032.53, close to its 52-week high of $2145.14.

According to TipRanks.com, Nowak is a 5-star analyst with an average return of 10.8% and a 66.5% success rate. Nowak covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Zillow Group Class C, and Uber Technologies.

Currently, the analyst consensus on Alphabet Class A is a Strong Buy with an average price target of $2353.47, implying a 14.7% upside from current levels. In a report issued on March 10, Needham also assigned a Buy rating to the stock with a $2500.00 price target.

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Alphabet Class A’s market cap is currently $1370.2B and has a P/E ratio of 34.60. The company has a Price to Book ratio of 6.85.

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Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.