Alphabet Inc (GOOGL) is Reiterated by Axiom Capital to Buy, Lowers Price Target to $ 970

Alphabet Inc (GOOGL) was Reiterated by Axiom Capital to “Buy” while Lowering the Price Target of the company shares to $ 970 from a previous price target of $1001 . Axiom Capital advised their investors in a research report released on Jun 29, 2016.

Many Wall Street Analysts have commented on Alphabet Inc. 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 .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 .

Alphabet Inc closed down -4.06 points or -0.59% at $681.14 with 29,19,486 shares getting traded on Monday. Post opening the session at $682.49, the shares hit an intraday low of $672.66 and an intraday high of $683.325 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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