Analysts raise Alphabet price targets after earnings report [Seeking Alpha]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Seeking Alpha
Analysts raise Alphabet price targets after earnings reportRBC Capital Marketsraises its Alphabet (NASDAQ:GOOG) price target from $1,050 to $1,125 and maintains an Outperform rating following yesterday’s earnings report.Firm cites impressive revenue growth trends and core Google operating margin expansion as offsetting heavy traffic acquisition costs (TAC).B. Riley raises its target by $150 to $1,200 with a Buy rating.Firm raises GAAP EPS estimates: FY17, $32.99 (from $32.31); FY18, $43.78 (from $43.34); FY19, $49.55 (from $49.52).Alphabet shares areup 6.73%.Previously:Alphabet beats by $1.24, beats on revenue (Oct. 26)Previously:Google up after Q3 beats, growths in TAC and paid clicks, drop in cost-per-click (Oct. 26)See all stocks on the move »
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