Google (NASDAQ:GOOGL) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.22 by 32 Brokerage Firm. 27 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.
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) shares are expected to touch $897.87 in the short term. This short term price target has been shared by 30 analysts. However, the standard deviation of short term price estimate has been valued at 73.36. The target price could hit $1100 on the higher end and $670 on the lower end.
Google (NASDAQ:GOOGL) rose 0.39% or 2.75 points on Tuesday and made its way into the gainers of the day. After trading began at $710.05 the stock was seen hitting $715.38 as a peak level and $704.66 as the lowest level. The stock ended up at $708.88. The daily volume was measured at 1,515,918 shares. The 52-week high of the share price is $810.35 and the 52-week low is $539.5. The company has a market cap of $486,685 million.
Alphabet Inc. has lost 3.32% in the last five trading days and dropped 1.78% in the last 4 weeks. Alphabet Inc. has dropped 6.73% during the last 3-month period . Year-to-Date the stock performance stands at -8.89%.
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.