Alphabet: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse maintains its "outperform" rating on Alphabet and has raised its target price for the share from 1,375 dollars to 1,500 dollars, before the group releases its quarterly results on 25 October, while reducing its adjusted EPS estimate for 2019 from 62.
34 dollars to 60.19 dollars.
The broker points out ongoing monetisation improvements in research through product updates, and a larger-than-expected contribution from Google's largest non-search activities.
Credit Suisse also highlights “optionality for value creation from new monetization initiatives such as Maps as well as the eventual commercialization of Google's Other Bets (Waymo, Life Sciences).”
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
34 dollars to 60.19 dollars.
The broker points out ongoing monetisation improvements in research through product updates, and a larger-than-expected contribution from Google's largest non-search activities.
Credit Suisse also highlights “optionality for value creation from new monetization initiatives such as Maps as well as the eventual commercialization of Google's Other Bets (Waymo, Life Sciences).”
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.