Aug. 20 at 3:23 AM
$GOOGL
As anticipated, upgrades are now here.
Rosenblatt initiated coverage on Alphabet with a buy rating and set a price target of
$410, the firm said Tuesday.
The target suggests upside potential from the current price of
$344.72, though InvestingPro data indicates the stock is slightly overvalued relative to its Fair Value.
The company trades at a P/E ratio of 17.3 with a remarkably low PEG ratio of 0.15, while revenue growth stands at 20%.
https://www.investing.com/news/analyst-ratings/rosenblatt-initiates-alphabet-stock-coverage-with-buy-rating-on-cloud-93CH-4868456