Alphabet Inc (GOOGL) is Reiterated by Wedbush to Neutral, Raises Price Target to $ 840

Alphabet Inc (GOOGL) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 840 from a previous price target of $830 . Wedbush advised their investors in a research report released on Apr 14, 2016.

Many Wall Street Analysts have commented on Alphabet Inc. 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 .Company shares were Reiterated by RBC Capital Mkts on Feb 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 1000 from a previous price target of $880 .Company shares were Reiterated by FBR Capital on Feb 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 941 from a previous price target of $809 .

Alphabet Inc closed down -1.93 points or -0.25% at $757.54 with 15,88,692 shares getting traded on Monday. Post opening the session at $765.45, the shares hit an intraday low of $757.34 and an intraday high of $767.22 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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