A report released earlier today by Wedbush about Alphabet Inc (NASDAQ:GOOGL) raises the target price to $800.00
- Updated: September 27, 2016
Wedbush bumped up the target of Alphabet Inc (NASDAQ:GOOGL) to $800.00 stating a potential downside of -0.01%.
Previously on Tuesday August 16, 2016, Vetr Inc. reported on Alphabet Inc (NASDAQ:GOOGL) raised the target price from $0.00 to $834.59 that suggested an upside of 0.05%.
Just yesterday Alphabet Inc (NASDAQ:GOOGL) traded 1.01% higher at $810.73. Alphabet Inc’s 50-day moving average is $800.21 and its 200-day moving average is $756.61. With the last close up 7.15% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trading volume was down over the average, with 1,365,755 shares of GOOGL changing hands under the typical 1,504,000
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Alphabet Inc has a price-earnings ratio of 31.41 with a one year low of $618.03 and a one year high of $819.06 Alphabet Inc’s market capitalization is currently $0.
A total of 44 brokerages have issued a ratings update on Alphabet Inc. Nineteen brokerages rating the company a strong buy, twenty-nine brokerages rating the company a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $908.16.
General Information About Alphabet Inc (NASDAQ:GOOGL)
Alphabet Inc. is a holding company. The Company holds interests in Google Inc. (Google). The Company's segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company. Its technical infrastructure and Virtual Reality are also included in Google segment. Google segment is engaged in advertising, sales of digital content, applications and cloud services, as well as sale of Google branded hardware. The Other Bets segment consists of various operating segments and includes businesses, such as Access/Google Fiber, Calico, Nest, Verily, GV, Google Capital, X and other initiatives. Other Bets segment is engaged in the sale of Nest hardware products, Internet and television services through Google Fiber, and licensing and research and development (R&D) services through Verily.
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