Analyst Rating Update on Google (GOOGL)

Google (NASDAQ:GOOGL) has an average broker rating of 1.22, which is interpreted as a Strong Buy, as rated by 32 equity analysts. Nonetheless, 27 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Google (NASDAQ:GOOGL) : The highest short term price target forecast on Google (NASDAQ:GOOGL) is $1100 and the lowest target price is $670. A total of 30 equity analysts are currently covering the company. The average price of all the analysts is $897.87 with a standard deviation of $73.36.

For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Maxim Group maintains its rating on Google (NASDAQ:GOOGL).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Maxim Group lowers the new price target from $865 per share to $850 per share. The rating by the firm was issued on June 8, 2016.

Google (NASDAQ:GOOGL): stock turned positive on Tuesday. Though the stock opened at $691.37, the bulls momentum made the stock top out at $692.7399 level for the day. The stock recorded a low of $684.85 and closed the trading day at $691.26, in the green by 1.49%. The total traded volume for the day was 1,912,280. The stock had closed at $681.14 in the previous days trading.

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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