From Nasdaq Inc.:

Fintel reports that BMO Capital has initiated coverage of Alphabet (NasdaqGS:GOOGL) with an Outperform recommendation on January 9, 2024. The analyst price forecast suggests an 11.87% upside. The average one-year price target for Alphabet is $155.32, representing an increase from its latest closing price of $138.84.

Alphabet is projected to achieve an annual revenue of $357.571 billion, marking a 20.34% increase. The projected annual non-GAAP EPS is 6.37.

There are 5,847 funds or institutions reporting positions in Alphabet, an increase of 112 owner(s) or 1.95% in the last quarter. The put/call ratio of GOOGL is 0.85, indicating a bullish outlook.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1.48% ownership of the company with 184.823 million shares. VFINX – Vanguard 500 Index Fund Investor Shares holds 1.14% ownership with 142.570 million shares. Geode Capital Management and Price T Rowe Associates have 0.99% and 0.91% ownership respectively.

Alphabet, founded by Larry Page and Sergey Brin, has grown to over 130,000 employees worldwide. In October 2015, Alphabet became the parent holding company of Google. Fintel is a comprehensive investing research platform, providing data on fundamentals, analyst reports, ownership data, fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and exclusive stock picks.

For more information, visit Fintel’s website.



Read more: BMO Capital Initiates Coverage of Alphabet (GOOGL) with Outperform Recommendation