Alphabet: Credit Suisse raises target price.
(CercleFinance.com) - Credit Suisse is confident about Alphabet once again.
In a report issued on Wednesday, the Swiss broker raised its target price on the Internet giant from 1,100 to 1,350 dollars, while confirming its "outperform" rating on the stock.
In particular, it expects continued growth in mobile traffic, as well as an increased contribution from YouTube and new profits from Expanded Text Ads in Q3.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
In a report issued on Wednesday, the Swiss broker raised its target price on the Internet giant from 1,100 to 1,350 dollars, while confirming its "outperform" rating on the stock.
In particular, it expects continued growth in mobile traffic, as well as an increased contribution from YouTube and new profits from Expanded Text Ads in Q3.
Copyright (c) 2017 CercleFinance.com. All rights reserved.