Analyst Price Target Update on Google (NASDAQ:GOOGL)

Google (NASDAQ:GOOGL): The stock price is expected to reach $ 897.87 in the short term. The number of analysts agreeing with this consensus is 30. The higher estimate for the short term price target is at $1100 while the lower estimate is at $670. The standard deviation of the price stands at $73.36.

Many analysts have stated their opinion on the company shares. Maxim Group maintains its view on Google (NASDAQ:GOOGL) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Maxim Group lowers the price target from $865 per share to $850 per share on Google . The rating by the firm was issued on June 8, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Google (NASDAQ:GOOGL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.31 points or 0.18% at $731.88 with 1,167,736 shares getting traded. Post opening the session at $729.82, the shares hit an intraday low of $729.82 and an intraday high of $739 and the price was in this range throughout the day. The company has a market cap of $502,476 million and the number of outstanding shares have been calculated to be 686,555,230 shares. The 52-week high of Google (NASDAQ:GOOGL) is $810.35 and the 52-week low is $539.2.

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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