Vetr Downgrades Alphabet Following Range-Bound Month

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The Vetr crowd downgraded their rating for Alphabet Inc GOOG on Tuesday from 4.5 stars (Strong Buy), issued 20 days ago, to 4 stars (Buy). Crowd sentiment for the stock is mostly positive with 72 percent of Vetr user ratings bullish.

Alphabet's stock was at $759.11 by Tuesday's close. Despite strong reviews and comparable Black Friday sales of its new smartphone, the tech giant's stock is still at about the same place it was a month ago, with some small ups and downs. One consolation to the middling late-year performance is that other tech peers seem to be in the same boat.

See how crowdsourced rating could help you time the market.

Currently, Vetr's average user target price is at $833.86, which is well below the average analyst target price of $941.44. More than 7 percent of users are holding GOOG in their watch lists.

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Posted In: DowngradesCrowdsourcingAnalyst RatingsGeneralVetr
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