Reaffirmed: Alphabet (NASDAQ:GOOGL) “Overweight” Rating Has Been Maintained by Analysts at Pacific Crest; $850.0 Target in Place

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Alphabet (NASDAQ:GOOGL) Rating Reaffirmed

In a comprehensive report distributed to Clients this morning, Pacific Crest has decided to reaffirm their “Overweight” rating on Alphabet (NASDAQ:GOOGL) shares. The target would possibly suggest a possible upside of 14.97% from firm’s last stock close price.

From a total of 46 analysts covering Google (NASDAQ:GOOGL) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $950 while the lowest target price is $705. The mean of all analyst targets is $849.91 with a 11.12% above today’s ($762.51) stock price. Google was the topic of 52 analyst reports since August 8, 2015 according to the firm StockzIntelligence Inc. Nomura upgraded shares on December 9 to “Top Pick” rating. FBR Capital maintained shares with “Outperform” rating and $809 target share price in a report from an October 23. Argus Research maintained GOOGL stock in a recent report from October 26 with “Buy” rating. Piper Jaffray maintained the rating on October 23. Piper Jaffray has a “Overweight” rating and a $812 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on an October 23.

Approximately 1,435 shares of stock traded hands. Alphabet Inc (NASDAQ:GOOGL) has risen 38.45% since May 18, 2015 and is uptrending. It has outperformed by 44.25% the S&P500.

Alphabet Inc is a collection of Companies. The company has a market cap of $514.44 billion. The Company’s collection include Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X. It has 35.6 P/E ratio. These will be managed separately in Alphabet.

According to Zacks Investment Research, “Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.”

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