The stock of Alphabet Inc (NASDAQ:GOOGL) reached all time high today, Oct, 12 and still has $1052.82 target or 30.00% above today’s $809.86 share price. This indicates more upside for the $544.39B company. This technical setup was reported by Barchart.com. If the $1052.82 PT is reached, the company will be worth $163.32B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 156,678 shares traded hands. Alphabet Inc (NASDAQ:GOOGL) has risen 11.60% since March 9, 2016 and is uptrending. It has outperformed by 4.19% the S&P500.
Analysts await Alphabet Inc (NASDAQ:GOOGL) to report earnings on October, 27. They expect $6.64 EPS, up 15.88% or $0.91 from last year’s $5.73 per share. GOOGL’s profit will be $4.46 billion for 30.49 P/E if the $6.64 EPS becomes a reality. After $7.00 actual EPS 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. On Tuesday, February 2 the stock rating was maintained by Axiom Capital with “Buy”. William Blair maintained Alphabet Inc (NASDAQ:GOOGL) on Tuesday, September 1 with “Outperform” rating. Piper Jaffray maintained Alphabet Inc (NASDAQ:GOOGL) on Friday, October 23 with “Overweight” rating. The stock has “Buy” rating given by UBS on Friday, July 29. Credit Suisse maintained the shares of GOOGL in a report on Monday, April 18 with “Outperform” rating. The company was maintained on Monday, December 28 by Axiom Capital. Evercore maintained the shares of GOOGL in a report on Thursday, September 3 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, August 11. The stock has “Overweight” rating given by Atlantic Securities on Wednesday, August 19. On Monday, December 21 the stock rating was maintained by Pacific Crest with “Overweight”.
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 Profitconfidential.com with their article: “GOOG Stock: Alphabet Inc. Delivering Ambitious Moves” published on October 07, 2016, Investorplace.com published: “Why Alphabet Inc (GOOG), Mylan NV (MYL) And Tesaro Inc (TSRO) Are 3 of Today’s …” on October 10, 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 Etfdailynews.com‘s news article titled: “Google’s Chromebooks Dominate Back-to-School Shopping, While Apple Lags” with publication date: October 12, 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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