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Wedbush Sticks to Their Buy Rating for Alphabet Class A (GOOGL)

Tipranks - Tipranks - Sat Oct 17, 7:27AM CDT

In a report released today, Ygal Arounian from Wedbush maintained a Buy rating on Alphabet Class A, with a price target of $445.00.

Arounian covers the Communication Services sector, focusing on stocks such as Meta Platforms, Criteo SA, and Reddit Inc Class A. According to TipRanks, Arounian has an average return of 5.3% and a 47.58% success rate on recommended stocks.

In addition to Wedbush, Alphabet Class A also received a Buy from J.P. Morgan’s Doug Anmuth in a report issued yesterday. However, on October 14, UBS assigned a Hold rating to 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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