A statement released earlier today by RBC Capital Markets about Alphabet Inc (NASDAQ:GOOGL) bumps the target price to $1,025.00
- Updated: September 29, 2016
Having a price of $802.64, Alphabet Inc (NASDAQ:GOOGL) traded -0.92% lower on the day. With the last close up 5.92% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Alphabet Inc has recorded a 50-day average of $800.27 and a two hundred day average of $757.79. Volume of trade was down over the average, with 1,350,075 shares of GOOGL changing hands under the typical 1,461,120
Stating a potential upside of 0.28%, RBC Capital Markets upped the price target of Alphabet Inc (NASDAQ:GOOGL) to $1,025.00
On Tuesday September 27, 2016, Wedbush released a statement on Alphabet Inc (NASDAQ:GOOGL) upped the target price from $0.00 to $800.00 that suggested a downside of -0.01%.
With a total market value of $0, Alphabet Inc has price-earnings ratio of 31.10 with a one year low of $633.50 and a one year high of $819.06 .
A total of 44 analysts have released a research note on Alphabet Inc. Nineteen analysts rating the company a strong buy, twenty-nine analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $908.16.
More 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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