Alphabet Inc (GOOGL) was Reiterated by Axiom Capital to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 990 from a previous price target of $970 . Axiom Capital advised their investors in a research report released on Jul 29, 2016.
Many Wall Street Analysts have commented on Alphabet Inc. Shares were Reiterated by Axiom Capital on Jun 29, 2016 to “Buy” and Lowered the Price Target to $ 970 from a previous price target of $1001 .Company shares were Reiterated by Morgan Stanley on Jun 8, 2016 to “Overweight”, Firm has raised the Price Target to $ 865 from a previous price target of $850 .Shares were Reiterated by MKM Partners on May 13, 2016 to “Buy” and Lowered the Price Target to $ 930 from a previous price target of $950 .
Alphabet Inc opened for trading at $768.84 and hit $768.97 on the upside on Thursday, eventually ending the session at $765.84, with a gain of 0.51% or 3.87 points. The heightened volatility saw the trading volume jump to 34,42,808 shares. Company has a market cap of $525,791 M.
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.