Guggenheim Says That Alphabet A (GOOGL) Has $1330.0 Stock Target

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Why Has Guggenheim Given Alphabet A (GOOGL) a $1330.0 Price Target

Guggenheim has just issued a “Buy” rating for Alphabet A (GOOGL) shares. The firm has begun coverage on shares of GOOGL in a research report shared with investors and clients on 6 December. This target price per share means upside of 25.18 % from the close price of Alphabet A (GOOGL).

The stock increased 1.47% or $15.61 during the last trading session, reaching $1078.08. About 2.37M shares traded or 14.67% up from the average. Alphabet Inc. (GOOGL) has risen 23.76% since December 7, 2017 and is uptrending. It has outperformed by 8.14% the S&P500.

Analysts await Alphabet Inc. (NASDAQ:GOOGL) to report earnings on February, 7. They expect $11.01 earnings per share, up 13.51 % or $1.31 from last year’s $9.7 per share. GOOGL’s profit will be $7.60 billion for 24.48 P/E if the $11.01 EPS becomes a reality. After $13.06 actual earnings per share reported by Alphabet Inc. for the previous quarter, Wall Street now forecasts -15.70 % negative EPS growth.

Alphabet Inc., through its subsidiaries, provides online advertising services in the United States, the United Kingdom, and rest of the world. The company has market cap of $743.91 billion. The firm offers performance and brand advertising services. It has a 40.46 P/E ratio. It operates through Google and Other Bets divisions.

More notable recent Alphabet Inc. (NASDAQ:GOOGL) news were published by: Nasdaq.com which released: “IWF, GOOG, GOOGL, KO: Large Inflows Detected at ETF – Nasdaq” on December 03, 2018, also Investorplace.com with their article: “Qualcomm Unveils the New Snapdragon 855 Mobile Processor – Investorplace.com” published on December 06, 2018, Streetinsider.com published: “Australia passes bill to force tech firms to hand over encrypted data – StreetInsider.com” on December 05, 2018. More interesting news about Alphabet Inc. (NASDAQ:GOOGL) were released by: Marketwatch.com and their article: “Google parent Alphabet’s stock closing in on first bear market in 7 years – MarketWatch” published on November 19, 2018 as well as Benzinga.com‘s news article titled: “3 Reasons To Like Alphabet’s Stock (NASDAQ:GOOGL)(NASDAQ:GOOG) – Benzinga” with publication date: December 06, 2018.

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