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Bank of America Securities Keeps Their Buy Rating on Alphabet Class A (GOOGL)

Tipranks - Tipranks - Wed Mar 4, 5:26AM CST

In a report released yesterday, Justin Post from Bank of America Securities reiterated a Buy rating on Alphabet Class A, with a price target of $370.00. The company’s shares closed yesterday at $306.52.

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According to TipRanks, Post is a 5-star analyst with an average return of 21.6% and a 63.91% success rate. Post covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Pinterest.

Alphabet Class A has an analyst consensus of Strong Buy, with a price target consensus of $380.13, a 24.01% upside from current levels. In a report released on March 1, Goldman Sachs also maintained a Buy rating on the stock with a $312.00 price target.

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Based on Alphabet Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $113.9 billion and a net profit of $34.46 billion. In comparison, last year the company earned a revenue of $96.47 billion and had a net profit of $26.54 billion

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