Alphabet (GOOG) (GOOGL) PT Raised to $1025 at RBC

September 30, 2016 7:08 AM EDT
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Price: $784.22 +1.00%

Rating Summary:
    53 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 33 | New: 11
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RBC Capital analyst Mark Mahaney reiterated an Outperform rating and raised his price target on Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) to $1,025.00 (from $1,000.00).

"We see Street H2:16 Google growth deceleration concerns as excessive, with ongoing Search innovations, rising Mobile CPCs, and the growing impact of YouTube, Play & Cloud making ‘16-exit growth rates of up to 20% more likely than the Street’s mid-teens outlook," Mahaney said. "Our YouTube analysis suggests $10B revenue run rate w/30%-40% growth."

For an analyst ratings summary and ratings history on Alphabet click here. For more ratings news on Alphabet click here.

Shares of Alphabet closed at $775.01 yesterday.

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