Evercore ISI Remains a Buy on Alphabet Class A (GOOGL)
Evercore ISI analyst Mark Mahaney maintained a Buy rating on Alphabet Class A (GOOGL – Research Report) yesterday and set a price target of $205.00. The company's shares closed yesterday at $166.18.
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According to TipRanks, Mahaney is a 5-star analyst with an average return of 15.9% and a 58.81% success rate. Mahaney covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Netflix, and DoorDash.
In addition to Evercore ISI, Alphabet Class A also received a Buy from Truist Financial's Youssef Squali in a report issued yesterday. However, on May 27, Cantor Fitzgerald reiterated a Hold rating on Alphabet Class A (NASDAQ: GOOGL).
Based on Alphabet Class A's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $90.23 billion and a net profit of $34.54 billion. In comparison, last year the company earned a revenue of $80.54 billion and had a net profit of $23.66 billion
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