Alphabet Inc (NASDAQ:GOOGL) price target bumped up to $907.00, issued a research note today by Zacks Investment Research
- Updated: October 12, 2016
Displaying a price of $810.21, Alphabet Inc (NASDAQ:GOOGL) traded 0.18% higher on the day. The last stock close price is up 6.63% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $800.52 and a 200-day moving average of $760.57. 338,650 shares of the stock were exchanged, down from an average trading volume of 1,447,470
In a statement issued on Wednesday October 12, 2016 Zacks Investment Research bumped up the target of Alphabet Inc (NASDAQ:GOOGL) to $907.00 indicating a possible upside of 0.12%.
Previously on 10/10/2016, Axiom Capital released a statement about Alphabet Inc (NASDAQ:GOOGL) raised the target price from $990.00 to $1,000.00 that suggested an upside of 0.25%.
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With a total market value of $0, Alphabet Inc has price-earnings ratio of 31.42 with a one year low of $670.70 and a one year high of $819.86 .
A total of 44 equity analysts have released a ratings update on the stock. Nineteen analysts rating the stock a strong buy, 29 brokerages rating the company a buy, 3 brokers rating the stock a hold, 0 analysts rating the company a underperform, and finally zero equity analysts rating the stock a sell with a average stock price target of $908.16.
Brief Synopsis On 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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