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Wells Fargo Sticks to Its Buy Rating for Alphabet Class A (GOOGL)

Tipranks - Tipranks - Wed Oct 7, 5:16AM CDT

Wells Fargo analyst Ken Gawrelski reiterated a Buy rating on Alphabet Class A today and set a price target of $417.00.

Gawrelski covers the Consumer Cyclical sector, focusing on stocks such as Amazon, eBay, and Maplebear. According to TipRanks, Gawrelski has an average return of 5.5% and a 53.15% success rate on recommended stocks.

In addition to Wells Fargo, Alphabet Class A also received a Buy from Cantor Fitzgerald’s Deepak Mathivanan in a report issued on October 3. However, on September 28, Bernstein maintained a Hold rating on Alphabet Class A (NASDAQ: GOOGL).

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Based on Alphabet Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $119.8 billion and a net profit of $112.19 billion. In comparison, last year the company earned a revenue of $96.43 billion and had a net profit of $28.2 billion

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