Barclays Initiates Coverage On Alphabet Inc to Overweight with Price Target $1065

Barclays Initiates Coverage On Alphabet Inc(GOOGL). In a research note issued to the investors, the brokerage major Announces the price-target to $1065 per share. The shares have been rated Overweight. The rating by the stock financial advisor at Barclays was issued on Mar 28, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 27, 2017, Nomura said it Maintains its rating on Alphabet Inc. According to the research note, Nomura Lowers the price target to $925 per share from a prior target of $950. The shares have been rated ‘Buy’ by the firm. 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.

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