Pivotal Research Downgrades Alphabet Inc to Hold with Price Target $950

Brokerage firm Pivotal Research Downgrades its rating on Alphabet Inc(GOOGL). As per the latest information, Pivotal Research Lowers the price target to $950 per share from a prior target of $970. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Pivotal Research was issued on Mar 20, 2017 in a research report to their Investors and Clients.

In a different note, Aegis Capital said it Initiates Coverage On Alphabet Inc, according to a research note issued on Dec 21, 2016. In the research note, the firm Announces the price-target to $980 per share. The shares have been rated ‘Buy’ by the firm.

Alphabet Inc (GOOGL) shares turned negative on Wednesdays trading session with the shares closing down -0.34 points or -0.04% at a volume of 13,66,749. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $855.35. The peak price level was also seen at $855.35 while the days lowest was $847. Finally the shares closed at $849.8. The 52-week high of the shares is $874.42 while the 52-week low is $672.66. According to the latest information available, the market cap of the company is $587,569 M.

Alphabet Inc(GOOGL) last announced its earnings results on Jan 26, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $26.064B. Analysts had an estimated revenue of $25.170B. Earnings per share were $9.36. Analysts had estimated an EPS of $9.66.

Alphabet Inc (Alphabet) is a collection of Companies. The Company’s collection include Calico Google’s health and longevity effort; Nest its connected home business; Fiber its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital and incubator projects such as Google X. These will be managed separately in Alphabet. On October 2 2015 Google implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the Merger Agreement) dated as of October 2 2015 among Google Alphabet and Maple Technologies Inc. a Delaware corporation (Merger Sub) which resulted in Alphabet owning all of the outstanding capital stock of Google. Pursuant to the Alphabet Merger Merger Sub a direct wholly owned subsidiary of Alphabet and an indirect wholly owned subsidiary of Google merged with and into Google with Google surviving as a direct wholly owned subsidiary of Alphabet.

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