Price Target Update on Google (NASDAQ:GOOGL)

Google (NASDAQ:GOOGL) : The highest level Google (NASDAQ:GOOGL) is projected to reach is $1100 for the short term and the lowest estimate is at $670. The consolidated price target from 30 rating analysts who initiate coverage on the stock is $897.87 and the possibility the share price can swing is $73.36.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Maxim Group maintains its rating on Google (NASDAQ:GOOGL). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Maxim Group lowers the price target from $865 per share to $850 per share. The rating by the firm was issued on June 8, 2016.

Google (NASDAQ:GOOGL): stock turned positive on Thursday. Though the stock opened at $710.55, the bulls momentum made the stock top out at $714.88 level for the day. The stock recorded a low of $700.25 and closed the trading day at $714.87, in the green by 0.62%. The total traded volume for the day was 2,125,028. The stock had closed at $710.47 in the previous days trading.

The company shares have rallied 27.34% from its 1 Year high price. On Feb 2, 2016, the shares registered one year high at $810.35 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $728.40 and the 200 Day Moving Average price is recorded at $741.41.

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.

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