Pivotal Research Upgrades Alphabet Inc to Buy

Brokerage firm Pivotal Research Upgrades its rating on Alphabet Inc(NASDAQ:GOOGL). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Pivotal Research was issued on Apr 11, 2016.

In a different note, On Apr 1, 2016, Citigroup said it Maintains its rating on Alphabet Inc. In the research note, the firm Lowers the price-target to $924.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 2, 2016, Barclays said it Maintains its rating on Alphabet Inc. In the research note, the firm Raises the price-target to $800.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 2, 2016, Stifel Nicolaus said it Maintains its rating on Alphabet Inc. In the research note, the firm Raises the price-target to $900.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 2, 2016, Cantor Fitzgerald said it Maintains its rating on Alphabet Inc. In the research note, the firm Raises the price-target to $880.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 2, 2016, KeyBanc said it Maintains its rating on Alphabet Inc. In the research note, the firm Raises the price-target to $850.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 2, 2016, Nomura said it Maintains its rating on Alphabet Inc. In the research note, the firm Raises the price-target to $900.00 per share. The shares have been rated ‘Buy’ by the firm.

Alphabet Inc (GOOGL) made into the market gainers list on Fridays trading session with the shares advancing 0.59% or 4.61 points. Due to strong positive momentum, the stock ended at $780, which is also near the day’s high of $780.93. The stock began the session at $775.5 and the volume stood at 15,85,584 shares. The 52-week high of the shares is $810.35 and the 52 week low is $529. The company has a current market capitalization of $536,889 M and it has 68,83,19,770 shares in outstanding.

Alphabet Inc(GOOGL) last announced its earnings results on Feb 1, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $17.27B. Analysts had an estimated revenue of $16.90B. Earnings per share were $8.67. Analysts had estimated an EPS of $8.10.

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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