The stock of Alphabet Inc (NASDAQ:GOOGL) is a huge mover today! About 710,599 shares traded hands. Alphabet Inc (NASDAQ:GOOGL) has risen 14.10% since March 8, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
The move comes after 5 months positive chart setup for the $558.11 billion company. It was reported on Oct, 11 by Barchart.com. We have $975.26 PT which if reached, will make NASDAQ:GOOGL worth $111.62B more.
Analysts await Alphabet Inc (NASDAQ:GOOGL) to report earnings on October, 27. They expect $6.64 earnings per share, up 15.88% or $0.91 from last year’s $5.73 per share. GOOGL’s profit will be $4.56B for 30.60 P/E if the $6.64 EPS becomes a reality. After $7.00 actual earnings per share reported by Alphabet Inc for the previous quarter, Wall Street now forecasts -5.14% negative EPS growth.
Alphabet Inc (NASDAQ:GOOGL) Ratings Coverage
Out of 38 analysts covering Google (NASDAQ:GOOGL), 36 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 95% are positive. Google has been the topic of 79 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by FBR Capital given on Friday, October 23. The firm earned “Market Outperform” rating on Friday, July 29 by JMP Securities. Credit Suisse maintained it with “Outperform” rating and $900 target price in Tuesday, January 12 report. FBR Capital maintained Alphabet Inc (NASDAQ:GOOGL) on Tuesday, February 2 with “Outperform” rating. Morgan Stanley upgraded Alphabet Inc (NASDAQ:GOOGL) on Wednesday, August 12 to “Overweight” rating. As per Friday, July 29, the company rating was maintained by Suntrust Robinson. The stock of Alphabet Inc (NASDAQ:GOOGL) has “Overweight” rating given on Wednesday, June 8 by Maxim Group. The firm has “Buy” rating given on Friday, July 29 by Deutsche Bank. The company was upgraded on Tuesday, September 1 by Vetr. The firm has “Outperform” rating given on Friday, October 23 by Credit Suisse.
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 notable recent Alphabet Inc (NASDAQ:GOOGL) news were published by: Fool.com which released: “Alphabet Inc. Earnings: Mark Your Calendar” on October 10, 2016, also Investorplace.com with their article: “Why Alphabet Inc (GOOG), Mylan NV (MYL) And Tesaro Inc (TSRO) Are 3 of Today’s …” published on October 10, 2016, Profitconfidential.com published: “GOOG Stock: Alphabet Inc. Delivering Ambitious Moves” on October 07, 2016. More interesting news about Alphabet Inc (NASDAQ:GOOGL) were released by: Fool.com and their article: “New Products Point to Increasingly Diverse Opportunities for Alphabet Inc” published on October 06, 2016 as well as Profitconfidential.com‘s news article titled: “GOOG Stock: Why Alphabet Inc Is in the Limelight” with publication date: October 03, 2016.
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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