Alphabet (GOOGL) (GOOG) Bullish View Reiterated at Susquehanna

October 28, 2016 6:54 AM EDT
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Price: $819.31 +1.78%

Rating Summary:
    53 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Susquehanna analyst Shyam Patil reiterated a Positive rating and $1,000 price target on Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL)

Patel commented, "Our thoughts going forward and upcoming catalysts. The strong 3Q performance highlights the secular momentum for the (mobile) ad business, which is increasingly being driven by mobile and YouTube. While comps remain tough in the near-term given the addition of the third mobile ad in 3Q15 (which effectively increased mobile inventory by 50%), we continue to see numerous catalysts lining up to potentially drive positive estimate revisions, notably Expanded Text Ads, the roll-back of Enhanced Campaigns, the local ad pack, and the fourth mobile ad. Additionally, the generally tighter expense management and seemingly more shareholder-friendly capital allocation approach should also be positive factors for numbers and sentiment."

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.

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