Alphabet (GOOG) (GOOGL) PT Raised to $930 at Credit Suisse
Credit Suisse analyst S. Ju reiterated an Outperform rating and boosted its price target on Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) to $930.00 (from $900.00) following strong results.
Ju commented, "Google reported higher than expected net revenue of $17.3b vs CS $16.5b; adjusted EBITDA was $8.2b vs CS $7.6b. Adj. EPS was $8.67 vs CS $7.32 and consensus $8.09. We maintain our Outperform rating and increase our PT to $930 (prior $900), and have also modestly increased our FY16 adj. EPS estimate to $33.20 (from $33.14 prior)."
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Shares of Alphabet closed at $752.00 yesterday.