Alphabet Inc (GOOGL) is Reiterated by FBN Securities to Outperform, Lowers Price Target to $ 875

Alphabet Inc (GOOGL) was Reiterated by FBN Securities to “Outperform” while Lowering the Price Target of the company shares to $ 875 from a previous price target of $925 . FBN Securities advised their investors in a research report released on Apr 22, 2016.

Many Wall Street Analysts have commented on Alphabet Inc. Shares were Reiterated by Stifel on Apr 22, 2016 to “Buy” and Lowered the Price Target to $ 888 from a previous price target of $930 .Company shares were Reiterated by Wedbush on Apr 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 840 from a previous price target of $830 .Company shares were Upgraded by Pivotal Research Group on Apr 11, 2016 to ” Buy”, Firm has raised the Price Target to $ 970 from a previous price target of $800 .

Alphabet Inc opened for trading at $777.31 and hit $781.6799 on the upside on Wednesday, eventually ending the session at $780, with a gain of 0.66% or 5.08 points. The heightened volatility saw the trading volume jump to 38,81,420 shares. Company has a market cap of $536,889 M.

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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