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

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.

You May Also Be Interested In

• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Cummins (CMI) PT Lowered to $675 at Jefferies
• Deere (DE) PT Lowered to $728 at UBS as Agricultural Machinery Cycle Gets Closer