Google (GOOGL) : Analyst Rating Update

Google (GOOGL) has an average broker rating of 1.22, which is interpreted as a Strong Buy, as rated by 32 equity analysts. Nonetheless, 27 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Google (GOOGL) : The highest short term price target forecast on Google (GOOGL) is $1100 and the lowest target price is $670. A total of 30 equity analysts are currently covering the company. The average price of all the analysts is $897.87 with a standard deviation of $73.36.

Google (NASDAQ:GOOGL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $699.84 and $699.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $713.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $708.97, notching a gain of 0.58% for the day. The total traded volume was 1,445,126 . The stock had closed at $704.89 on the previous day.

Also, Major Brokerage house, Goldman Sachs maintains its ratings on Google (NASDAQ:GOOGL). In the latest research report, Goldman Sachs lowers the target price from $850 per share to $810 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 29, 2016. The company shares have rallied 30.13% from its 1 Year high price. On Feb 2, 2016, the shares registered one year high at $810.35 and the one year low was seen on Jul 8, 2015. The 50-Day Moving Average price is $721.96 and the 200 Day Moving Average price is recorded at $737.13.

Alphabet Inc (Alphabet) is a collection of Companies. The Companys collection include Calico, Googles 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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