Alphabet: Jefferies raises target price
(CercleFinance.com) - On Tuesday an analyst at Jefferies confirmed his "buy" rating on the Alphabet stock, the parent company of Google.
The analyst who monitors the share, has upped the corresponding target price to 1,550 dollars (upside of about 22%).
"We think shares can continue to work owing to ongoing strength in core ad business and other rev segments and the still attractive valuation," Jefferies said.
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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.
The analyst who monitors the share, has upped the corresponding target price to 1,550 dollars (upside of about 22%).
"We think shares can continue to work owing to ongoing strength in core ad business and other rev segments and the still attractive valuation," Jefferies said.
Copyright (c) 2019 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.