Alphabet Stock Rating Reaffirmed as 'Outperform' by Royal Bank Of Canada

Alphabet's (GOOGL) stock rating was reaffirmed as 'outperform' by Royal Bank Of Canada, according to a report released on Thursday. The price objective for GOOGL is $425.00, indicating a potential upside of 32.95% from the company's previous close.

Several other brokerages have also weighed in on Alphabet, with Susquehanna restating its 'positive' rating and issuing a higher price target of $460.00. Wells Fargo & Company set an 'overweight' rating with a price target of $411.00, while Cantor Fitzgerald reissued its 'overweight' rating with a lower price target of $420.00.

Insider activity has also been notable, with Director Frances Arnold selling 112 shares of the firm's stock on June 30th and insider John Kent Walker selling 8,998 shares on June 29th. The company's stock traded down $22.42 during mid-day trading on Thursday, reaching $319.67.