Alphabet Inc (GOOGL) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 1025 from a previous price target of $1000 . RBC Capital Mkts advised their investors in a research report released on Sep 30, 2016.
Many Wall Street Analysts have commented on Alphabet Inc. Company shares were Reiterated by MKM Partners on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 935 from a previous price target of $930 .Company shares were Reiterated by Axiom Capital on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 990 from a previous price target of $970 .Company shares were Reiterated by Stifel on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 925 from a previous price target of $888 .
Alphabet Inc opened for trading at $801.83 and hit $813.49 on the upside on Tuesday, eventually ending the session at $810.73, with a gain of 1.01% or 8.08 points. The heightened volatility saw the trading volume jump to 13,67,271 shares. Company has a market cap of $557,193 M.
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.