Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Alphabet Upgraded to Strong Buy

Published 05/05/2021, 01:53 PM
Updated 05/05/2021, 02:30 PM
© Reuters.  Alphabet Upgraded to Strong Buy

Google (GOOGL) was upgraded to a Strong Buy by the POWR Ratings. Some of its recent positive developments include a strong earnings report, analysts hiking earnings estimates, and an improving growth outlook.This week Alphabet (NASDAQ:GOOGL) was upgraded to an A rating, which translates to a Strong Buy by the POWR Ratings system. This is a result of a strong Q1 earnings reports, increased earnings estimates, improving valuation, and strong growth.

The POWR Ratings is calculated by analyzing 118 different factors - each with its own unique weight. A-rated stocks have an average annual performance of 30.7% which compares favorably to the S&P 500 at 7.3%.

The POWR Ratings also analyze stocks based on different categories to provide additional insight for investors and help them make better decisions. Scores are updated daily, and upgrades and downgrades are often a meaningful signal. Now, let’s look at some of the catalysts driving improvements in GOOGL’s outlook and POWR Ratings score.

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.