Alphabet Inc (GOOGL) is Reiterated by Axiom Capital to Buy, Raises Price Target to $ 1000

Alphabet Inc (GOOGL) was Reiterated by Axiom Capital to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 1000 from a previous price target of $990 . Axiom Capital advised their investors in a research report released on Oct 10, 2016.

Many Wall Street Analysts have commented on Alphabet Inc. Company shares were Reiterated by RBC Capital Mkts on Sep 30, 2016 to “Outperform”, Firm has raised the Price Target to $ 1025 from a previous price target of $1000 .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 .

Alphabet Inc closed down -2.37 points or -0.30% at $800.71 with 11,63,899 shares getting traded on Friday. Post opening the session at $805.93, the shares hit an intraday low of $796.82 and an intraday high of $805.94 and the price fluctuated in this range throughout the day.Shares ended Friday 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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