Alphabet (GOOGL) (GOOG) Bullish View Reiterated at Mizuho Post Q3, Remains Top Pick

October 28, 2016 7:26 AM EDT
Get Alerts GOOG Hot Sheet
Price: $807.88 +0.19%

Rating Summary:
    53 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade GOOG Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with's Ratings Insider Elite. Get your Free Trial here.

Mizuho Securities analyst Neil Doshi reiterated a Buy rating and $1,025 price target on Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) following solid Q3 results.

Yoshi commented, "GOOGL remains our top pick after a solid 3Q beat. Despite tough comps, Google was able to grow its revenue by 23% ex-FX to $22.5b, vs. 25% in 2Q, on continued advertising strength from mobile, YouTube and Programmatic. GOOGL remains unique among large caps - there are very few companies with a revenue base of ~$90b growing 20%+ YoY with operating margins of 40%+. We remain optimistic as we move into 4Q as improved ad formats, new AI-based hardware, and cloud services, should drive ~20%+ revenue 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 $795.35 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities

Susquehanna International Group of Companies

Add Your Comment