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RBC Capital Remains a Buy on Alphabet Class A (GOOGL)

Tipranks - Tipranks - Sat Oct 10, 8:46AM CDT

RBC Capital analyst Brad Erickson maintained a Buy rating on Alphabet Class A today and set a price target of $425.00.

According to TipRanks, Erickson is a 4-star analyst with an average return of 2.9% and a 49.29% success rate. Erickson covers the Communication Services sector, focusing on stocks such as Zillow Group Class A, Meta Platforms, and Alphabet Class A.

In addition to RBC Capital, Alphabet Class A also received a Buy from BMO Capital’s Brian Pitz in a report issued today. 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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