A statement released earlier today by Axiom Capital about Alphabet A (NASDAQ:GOOGL) bumps the target price to $1,000.00
- Updated: October 9, 2016
Having a price of $800.71, Alphabet A (NASDAQ:GOOGL) traded -0.30% lower on the day. With the last close up 5.39% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Alphabet A has recorded a 50-day average of $799.75 and a two hundred day average of $759.77. Volume of trade was down over the average, with 1,163,905 shares of GOOGL changing hands under the typical 1,443,240
Axiom Capital raised the target price of Alphabet A (NASDAQ:GOOGL) to $1,000.00 indicating a possible upside of 0.25%.
On Friday September 30, 2016, RBC Capital Markets released a statement on Alphabet A (NASDAQ:GOOGL) upped the target price from $1,000.00 to $1,025.00 that suggested an upside of 0.28%.
Recent Performance Chart
Alphabet A has 52 week low of $667.24 and a 52 week high of $819.06 with a P/E ratio of 31.02 and has a market cap of $0.
In addition to Axiom Capital reporting its stock price target, a total of 44 brokers have issued a research note on the company. The average stock price target is $908.16 with 19 brokers rating the stock a strong buy, 29 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Alphabet A (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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