AlphaBet: Crédit Suisse increases target price

(CercleFinance.com) - Crédit Suisse reaffirms its 'outperform' rating on AlphaBet and increases its target price from 1330 to 1375 dollars in the wake of an upturn in its adjusted EPS estimates for 2018 from 52.
81 dollars to 52.08 dollars previously.

“Google published very good figures for the quarter, with the bulk of the outperformance coming from websites, followed by network revenues,” notes the analyst the day after the technology giant announced its quarterly results.

“As we had said previously, we are pleased to highlight Google's investments, which should allow the company to sustain revenue growth, outside currency effects, of over and above 20% over the longer term,” it continued.

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