Alphabet (GOOG) - Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Alphabet (NASDAQ: GOOG):

• 7/27/2017 - Alphabet was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $1,057.00 price target on the stock.
• 7/27/2017 - Alphabet had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $1,100.00 price target on the stock.
• 7/27/2017 - Alphabet had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $1,050.00 price target on the stock, up previously from $1,032.00.
• 7/27/2017 - Alphabet had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $970.00 price target on the stock.
• 7/27/2017 - Alphabet had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $1,000.00 price target on the stock.
• 7/27/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $1,180.00 price target on the stock.
• 7/25/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Bank of America Corporation.
• 7/25/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $1,100.00 price target on the stock, up previously from $1,050.00.
• 7/25/2017 - Alphabet had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $1,100.00 price target on the stock, down previously from $1,150.00.
• 7/25/2017 - Alphabet had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $1,100.00 price target on the stock, up previously from $1,070.00.
• 7/25/2017 - Alphabet had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $1,077.00 price target on the stock.
• 7/25/2017 - Alphabet had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $1,100.00 price target on the stock.
• 7/25/2017 - Alphabet had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co.
• 7/25/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
• 7/25/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Barclays PLC.
• 7/25/2017 - Alphabet had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $1,080.00 price target on the stock.
• 7/22/2017 - Alphabet had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $1,050.00 price target on the stock.
• 7/22/2017 - Alphabet had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $1,150.00 price target on the stock. They wrote, “durable growth engines” and fully addresses the needs of marketers.”We believe additional user signals provided by mobile device adoption, expanded targeting options and improvements in measurement are key drivers for increasing search and YouTube ad productivity,” the analyst added.Meanwhile, paid click growth showed an “impressive” 61 percent gain on a year-over-year basis and a 15 percent sequential growth within the Google operated properties, Stabler continued. In addition, YouTube saw notable strength despite an ad controversy which appears to have posed no impact on the results.On the other hand, Alphabet did report a higher-than-expected traffic acquisition cost, but this shouldn’t be of concern to investors. At the end of the day, Google maintains its status as being well-positioned to continue gaining market share in the online advertising space, and the adoption of machine learning technologies will result in efficiency improvements for marketers.Finally, Alphabet still has many levers for future growth, including YouTube, local, Cloud and hardware sales.Canaccord: Solid Quarter But Don’t Don’t BuyCanaccord Genuity’s Michael Graham maintains a Hold rating on Alphabet’s stock with an unchanged $1,000 price target despite the company’s “solid” earnings report in which core revenue growth of 19.6 percent was “fairly close” enough to the “psychologically important 20 percent level.”Looking forward, Alphabet’s third quarter will mark an “important test” as this represents the anniversary in which mobile ad slots started rolling out in 2015 and 2016.Finally, Alphabet may have a gross margin problem in which fast-growing segments boasts lower gross margin structures. For example, the mobile search’s gross margin is modeled to be at 60 percent, YouTube is modeled at less than 40 percent and programmatic at less than 20 percent. These figures fall short of the company average of 62 percent over the past three years and 60 percent in the second quarter.”We believe these trends are likely to persist for the foreseeable future, and while we applaud the increased gross profit dollars they bring, we note that this headwind makes raising EPS estimates more difficult,”
• 7/21/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $1,220.00 price target on the stock.
• 7/19/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
• 7/17/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $1,050.00 price target on the stock.
• 7/17/2017 - Alphabet had its “hold” rating reaffirmed by analysts at Pivotal Research. They now have a $980.00 price target on the stock, down previously from $990.00.
• 7/13/2017 - Alphabet was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
• 7/12/2017 - Alphabet was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $1,047.63 price target on the stock.
• 7/12/2017 - Alphabet had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $1,100.00 price target on the stock.
• 7/7/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Societe Generale.
• 7/5/2017 - Alphabet was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
• 7/5/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
• 7/4/2017 - Alphabet was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $880.00 price target on the stock, down previously from $1,005.00.
• 7/3/2017 - Alphabet had its “outperform” rating reaffirmed by analysts at Robert W. Baird.
• 6/30/2017 - Alphabet had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
• 6/28/2017 - Alphabet had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $1,200.00 price target on the stock.
• 6/28/2017 - Alphabet had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $1,170.00 price target on the stock.
• 6/28/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
• 6/26/2017 - Alphabet was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $995.83 price target on the stock.
• 6/19/2017 - Alphabet was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $980.86 price target on the stock.
• 6/15/2017 - Alphabet was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating. They now have a $1,000.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
• 6/12/2017 - Alphabet was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $924.24 price target on the stock.
• 6/12/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
• 6/9/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Moffett Nathanson.
• 6/2/2017 - Alphabet had its “buy” rating reaffirmed by analysts at Instinet.

Alphabet Inc. (NASDAQ GOOG) opened at 941.53 on Monday. The stock has a market cap of $652.37 billion, a P/E ratio of 34.12 and a beta of 0.95. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $988.25. The stock has a 50 day moving average price of $944.07 and a 200-day moving average price of $881.26.

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Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $26.01 billion during the quarter, compared to analyst estimates of $25.61 billion. During the same quarter in the previous year, the business earned $8.42 EPS. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities analysts expect that Alphabet Inc. will post $30.74 earnings per share for the current year.

In other Alphabet news, Director Shirley M. Tilghman sold 525 shares of Alphabet stock in a transaction on Friday, July 28th. The shares were sold at an average price of $938.09, for a total transaction of $492,497.25. Following the completion of the sale, the director now owns 5,517 shares of the company’s stock, valued at approximately $5,175,442.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $981.45, for a total transaction of $3,925,800.00. Following the sale, the chief executive officer now directly owns 2,058 shares of the company’s stock, valued at approximately $2,019,824.10. The disclosure for this sale can be found here. Insiders have sold a total of 44,542 shares of company stock valued at $41,955,126 in the last ninety days. Company insiders own 13.92% of the company’s stock.

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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