Nomura Maintains Alphabet Inc to Buy with Price Target $925

Brokerage firm Nomura Maintains its rating on Alphabet Inc(GOOGL). As per the latest information, Nomura Lowers the price target to $925 per share from a prior target of $950. The shares have been rated Buy. The rating by the stock financial advisor at Nomura was issued on Mar 27, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 20, 2017, Pivotal Research said it Downgrades its rating on Alphabet Inc. According to the research note, Pivotal Research Lowers the price target to $950 per share from a prior target of $970. The shares have been rated ‘Hold’ by the firm.

Alphabet Inc (GOOGL) shares turned negative on Fridays trading session with the shares closing down -4.51 points or -0.54% at a volume of 21,05,682. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $844. The peak price level was also seen at $844 while the days lowest was $829.1. Finally the shares closed at $835.14. 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 $577,433 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.

Add Comment