Stock Mover of The Day: What’s Ahead for Alphabet Inc After Today’s Big Increase?

Stock Mover of The Day: What's Ahead for Alphabet Inc After Today's Big Increase?

The stock of Alphabet Inc (NASDAQ:GOOGL) is a huge mover today! About 676,544 shares traded hands. Alphabet Inc (NASDAQ:GOOGL) has risen 5.12% since April 25, 2016 and is uptrending. It has underperformed by 0.89% the S&P500.
The move comes after 6 months positive chart setup for the $543.45B company. It was reported on Nov, 28 by Barchart.com. We have $828.59 PT which if reached, will make NASDAQ:GOOGL worth $21.74B more.

Analysts await Alphabet Inc (NASDAQ:GOOGL) to report earnings on February, 6. They expect $7.66 earnings per share, up 8.50% or $0.60 from last year’s $7.06 per share. GOOGL’s profit will be $5.22B for 26.00 P/E if the $7.66 EPS becomes a reality. After $7.25 actual earnings per share reported by Alphabet Inc for the previous quarter, Wall Street now forecasts 5.66% EPS growth.

Alphabet Inc (NASDAQ:GOOGL) Ratings Coverage

Out of 39 analysts covering Google (NASDAQ:GOOGL), 37 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 95% are positive. Google has been the topic of 80 analyst reports since August 8, 2015 according to StockzIntelligence Inc. Maxim Group maintained it with “Overweight” rating and $850 target price in Wednesday, June 8 report. The firm has “Overweight” rating by Atlantic Securities given on Wednesday, August 19. Pacific Crest maintained Alphabet Inc (NASDAQ:GOOGL) rating on Monday, December 21. Pacific Crest has “Overweight” rating and $850.0 price target. The rating was maintained by Mizuho with “Buy” on Friday, October 28. The company was maintained on Friday, October 23 by RBC Capital Markets. The firm has “Outperform” rating given on Monday, August 10 by Robert W. Baird. The firm has “Buy” rating given on Friday, July 29 by Stifel Nicolaus. JMP Securities maintained the shares of GOOGL in a report on Friday, July 29 with “Market Outperform” rating. The rating was upgraded by Nomura to “Top Pick” on Wednesday, December 9. As per Friday, July 29, the company rating was maintained by Deutsche Bank.

According to Zacks Investment Research, “Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.”

More recent Alphabet Inc (NASDAQ:GOOGL) news were published by: Profitconfidential.com which released: “Google Stock: This Is Huge for Fans of Alphabet Inc” on November 24, 2016. Also Profitconfidential.com published the news titled: “Alphabet Inc: This Could Hammer Google Stock” on November 14, 2016. Profitconfidential.com‘s news article titled: “GOOG Stock: New Report Is Great News for Alphabet Inc” with publication date: November 05, 2016 was also an interesting one.

GOOGL Company Profile

Alphabet Inc., incorporated on July 23, 2015, is a holding company. The Firm holds interests in Google Inc. (Google). The Company’s divisions 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. The Company’s 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 divisions 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. Google offers products, including Gmail, which is an e-mail service; Chrome, which is a browser, and Google Play, which allows access to movies, books, music and application on various devices. Google offers platforms, including Chrome OS and Android mobile operating system.

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