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Bank of America Securities Sticks to Its Buy Rating for Alphabet Class A (GOOGL)

Tipranks - Tue Jun 9, 6:04AM CDT

Bank of America Securities analyst Justin Post maintained a Buy rating on Alphabet Class A today and set a price target of $430.00.

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According to TipRanks, Post is a 5-star analyst with an average return of 20.9% and a 62.50% success rate. Post covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Alphabet Class C.

In addition to Bank of America Securities, Alphabet Class A also received a Buy from Barclays’s Ross Sandler in a report issued on June 4. However, on June 3, UBS maintained 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 $109.9 billion and a net profit of $62.58 billion. In comparison, last year the company earned a revenue of $90.23 billion and had a net profit of $34.54 billion

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