Alphabet (GOOG) (GOOGL) Price Targets Get Closer to a Googol Following Blowout Qtr

Nearly every Wall Street analyst that covers Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is raising his or her price target on the Internet giant this morning following blow-out fourth quarter numbers with its fastest Ad Revenue growth since 2012.

Alphabet reported fourth quarter earnings of $8.67 per share, versus the analyst estimate of $8.08. Revenue for the quarter came in at $21.33 billion versus the consensus estimate of $20.77 billion.

The company is now the most valuable company in the world market cap, surpassing Apple (NASDAQ: AAPL).

Below is a summary of price target hikes tracked by StreetInsider Premium this morning:

• Alphabet (GOOG) (GOOGL) PT Raised to $910 at Needham & Company (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $1070 at Mizuho Securities (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $1000 by RBC Capital's Mahaney (LINK)
• Susquehanna Raises Price Target on Alphabet (GOOGL) (GOOG) to $950 as Google Sites Drive Growth (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $911 by Piper Jaffray's Munster (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $930 at Credit Suisse (LINK)
• Google (GOOGL) (GOOG) Revenue Accelerates as It Becomes the World's Highest Valued Company; PT to $941 - FBR (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $925 at BMO Capital (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $950 at Jefferies (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $925 at Nomura (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $875 by SunTrust's Peck (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $870 at Macquarie (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $880 at Baird (LINK)
• Alphabet (GOOGL) (GOOG) Core Margins Offset Losses Caused by Other Bets; PT to $950 - Evercore ISI (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $830 at Wedbush (LINK)
• Goldman Sachs Boosts Google (GOOG) (GOOGL) PT to $890 (LINK)
• Alphabet's (GOOG) Price Target Raised to Street High of $1080 at Deutsche Bank (LINK)
• Google (GOOG) (GOOGL) PT Raised to $900 at Rosenblatt (LINK)
• Google (GOOG) (GOOGL) Quarter Driven By Mobile Search and Youtube, UBS Says; PT to $875 (LINK)
• Alphabet (GOOG) (GOOGL) PT Raised to $965 at Oppenheimer (LINK)

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