Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Best Stocks to Buy According to Billionaire Jeffrey Talpins.
Technology giant Alphabet Inc. (NASDAQ:GOOGL)’s shares are up by 103% over the past year and by 14% year-to-date
The shares closed 9.9% higher on April 30th after the firm reported its first quarter earnings on the 29th. The results saw Alphabet Inc. (NASDAQ:GOOGL) post $109 billion in revenue and $2.62 in adjusted earnings per share to beat analyst estimates of $107 billion and $2.63. Crucially, Alphabet Inc. (NASDAQ:GOOGL)’s Google Cloud revenue of $20.03 billion also beat analyst estimates of $18.05 billion.
Banking giant Morgan Stanley discussed the firm on June 30th. It reiterated an Overweight rating and raised the share price target to $415 from $375. As part of its coverage, the bank discussed Alphabet Inc. (NASDAQ:GOOGL)’s fundamentals and commented that they appeared to be improving to create a tactical buying opportunity.