Cowen Boosts PT on Google (GOOG) to $840; New Structure Increases Transparency

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Google (GOOG) (GOOGL) Re-Org a Step Towards Greater Transparency, UBS Says

August 11, 2015 8:51 AM EDT

UBS analyst Eric Sheridan reiterated a Buy rating and $750 price target on Google (NASDAQ: GOOG) (NASDAQ: GOOGL) after the company announced the formation of Alphabet, which the analyst said is a step toward greater transparency.

Sheridan commented,... More

Google (GOOGL) (GOOG) 'Alphabet' Re-Org Increases Transparency and Provides Closer Look of Core Businesses, Macquarie Says

August 11, 2015 8:47 AM EDT

Macquarie analyst Ben Schachter reiterated an Outperform rating and $750 price target on Google (NASDAQ: GOOG) (NASDAQ: GOOGL) after the company announced an operational reorganization, separating the core Google businesses (search, ads, maps, YouTube, and Android) from investment and growth businesses (Fiber, Nest, Calico, Life Sciences, Google... More

Google (GOOGL) (GOOG) Undervaluation 'Clearer' Following Alphabet News, Evercore ISI Says

August 11, 2015 8:40 AM EDT

Evercore ISI analyst Ken Sena reiterated a Buy rating and $800 price target on Google (NASDAQ: GOOGL) (NASDAQ: GOOG) after the comapny made a surprise announcement that Google Inc. will now be known as Alphabet, a new consolidated operating structure... More

Monness, Crespi, Hardt Upgrades Google (GOOG) to Buy

August 11, 2015 8:18 AM EDT

Monness, Crespi, Hardt upgraded Google (NASDAQ: GOOG) from Neutral to Buy.

For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.

Shares of Google closed at $633.73 yesterday.

... More

Google (GOOG) (GOOGL) 'Alphabet' News Improves Accountability, Focus, and Transparency, Baird Says

August 11, 2015 8:14 AM EDT

Baird analyst Colin Sebastian reiterated his Outperform rating and $720 price target on Google (NASDAQ: GOOG) (NASDAQ: GOOGL) after the company announced it will be creating a new holding company Alphabet later this year.

Sebastian commented, "Overall, we believe the decentralized... More

Cantor Fitzgerald Positive on Google (GOOGL) (GOOG) New Holding Co. Structure

August 11, 2015 8:09 AM EDT

Cantor Fitzgerald analyst Youssef Squali reiterated a Buy rating and $720 price target on Google (NASDAQ: GOOGL)(NASDAQ: GOOG) after the company unveiled plans to create a new public holding company, Alphabet Inc., with Google Inc. (core... More

Google (GOOG) (GOOGL) Alphabet Split Increases Transparency, RBC Capital's Mahaney Says

August 11, 2015 8:05 AM EDT

RBC Capital analyst Mark Mahaney reiterated an Outperform rating and $750 price target on Google (NASDAQ: GOOG) (NASDAQ: GOOGL) following the creation of Alphabet, which will split the company into companies: Google (core ad, Android & Chrome businesses) and Alphabet (non-core and capital funding) by the end of the year under the Alphabet... More

Google (GOOGL) (GOOG) Alphabet Re-Org 'Positive', BMO Capital Says

August 11, 2015 7:52 AM EDT

BMO Capital analyst Daniel Salmon reiterated an Outperform rating and $770 price target on Google (NASDAQ: GOOGL) (NASDAQ: GOOG) after the company announced a new operational structure that will see the core internet services (search, ads, maps, apps, YouTube,... More

Google's (GOOG) Price Target Raised to $840 at Deutsche Bank

August 11, 2015 7:02 AM EDT

Deutsche Bank maintained a Buy rating on Google (NASDAQ: GOOG) and raised its price target to $840.00 (from $780.00). Analyst Ross Sandler thinks Google is just hitting its stride.

"Google has been our top pick in 2015 owing to: 1) its discounted valuation vs. peers, 2) prevailing negative sentiment, 3) our belief that innovation is alive and well, and that Google management cares about its stock price, and 4) these management change periods are historically very good signals toward unlocking shareholder value. These latter two factors are... More

Mizuho Securities Upgrades Google (GOOGL) (GOOG) to Outperform on the 'Alphabet Soup' Catalyst

August 11, 2015 6:51 AM EDT

Mizuho Securities upgraded Google (NASDAQ: GOOGL) (NASDAQ: GOOG) from Neutral to Outperform with a price target of $715.00, after the company's material re-org announcement.

Analyst Neil Doshi commented, "Three of our biggest concerns around Google have been 1) lack of... More

Stifel Upgrades Google (GOOG) to Buy

August 11, 2015 6:41 AM EDT

Stifel upgraded Google (NASDAQ: GOOG) from Hold to Buy with a price target of $850.00.

For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.

Shares of Google closed at $633.73 yesterday.

... More

S&P U.S. Indices Methodology Update and Constituent Additions

August 10, 2015 5:42 PM EDT

S&P Dow Jones Indices today announces changes to the S&P U.S. Indices methodology and additions to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600:

As previously announced in a press release dated January 21, 2015, S&P Dow Jones Indices will include all publicly listed multiple share class lines separately in its float market cap (FMC) weighted indices subject to liquidity and float criteria currently in place for each index. This change will be effective after the close of trading on Friday, September 18 to coincide with the September quarterly rebalance. Index membership... More

Market Wrap: Buffett Lands 'Whale' of A Deal; Google Announces Major Restructuring; Twitter Gains on Insider Trades

August 10, 2015 5:41 PM EDT

Market wrap for August 10th

End of the Day: S&P 500 up 26.6 to 2,104.18; Dow Jones up 241.8 to 17,615.17; Nasdaq up 58.3 to 5,101.80

Market Brief: Market rose today as Warren Buffett's Berkshire Hathaway landed a "whale" of a deal, moving to acquire Precision Castparts for about $37 billion.

Google announced plans to form a new company and also announced a management shakeup.

Twitter rose as co-founder Jack Dorsey and others disclosed buying shares.

Crude prices rose 2.5 percent to $44.96 per barrel, while gold gained 0.9... More

Google (GOOG) Announces Plans for New Operating Structure; Will Form New Co. Call Alphabet

August 10, 2015 4:42 PM EDT

G is for Google.

As Sergey and I wrote in the original founders letter 11 years ago, Google is not a conventional company. We do not intend to become one. As part of that, we also said that you could expect us to make smaller bets in areas that might seem very speculative or even strange when compared to our current businesses. From the start, weve always strived to do more, and to do important and meaningful things with the resources we have.

We did a lot of things that seemed crazy at the time. Many of those crazy... More