The price target on the stocks of GOOGL has been increased by research analysts working at Barclays from $2,500 to $3000 in a Tuesday research report. Currently, the brokerage has put up a rating of overweight on the stock of this information services provider. Also, the target price of the company would imply an increase of about 28.04% from the current price of the stock.
The Stock Commentary Of GOOGL
There have been quite a few research equities that have commented on the stocks of GOOGL. JMP Securities has already increased the price target of the company from $2,400 to $2,850 with a rating of market outperform in a Tuesday research report. Susquehanna has also increased the price target of the company from $3000 to $3,100 with a rating of positive in a 28th April research report.
Credit Suisse Group has also increased the price target of the company from $2,360 to $2,500 with a rating of “outperform” in a 23rd April research report. KeyCorp has also increased the price target of the company from $2,625 to $2,681 with a rating of overweight in a Monday research report.
One of the research analysts covering the stock has given it a rating of hold, while forty-two others have given the company a rating of buy. Currently, GOOGL has a buy rating with a $2,473.33 price target.
The stocks of GOOGL traded on Tuesday at $2,343.08. The moving average price of the company over a period of 50 days is $2,185.49m with the moving average price of the company over 200 days is $1,918.57. The market cap of the firm is $1.58 trillion, with a 45.28 PE ratio, and a 1.65 PEG ratio. The current ratio of the company is 3.41, with a 3.39 quick ratio. The year low of the company is $1,296, with the year high coming to $2,431.38.