Alphabet (GOOG) (GOOGL) Authorizes $5B Buyback of Class C Stock

Alphabet (GOOG) (GOOGL) Ratings Affirmed by Moody's Amid New $5.1B Stock Buyback Program

Google's parent company, Alphabet Inc. (Nasdaq: GOOG), announced yesterday that its board of directors authorized a $5.1 billion share repurchase program of its Class C capital stock, commencing in the fourth quarter of 2015. Moody's said that the share repurchase program will not impact the... More

Alphabet (GOOG) (GOOGL) PT Raised to $900 at JPMorgan

JPMorgan analyst Doug Anmuth reiterated an Overweight rating and boosted his price target on Alphabet (NASDAQ: GOOGL) to $900.00 (from $800.00) following results after the close. The analyst said the stock should re-rate on accelerating revenue growth.

Anmuth commented, "We believe the re-rating of Alphabet shares will continue following the 2nd straight quarter of operational... More

Jefferies Raises Google (GOOG) (GOOGL) PT to $900; 3 Reasons to Buy the Stock

Jefferies US Internet Team reiterated a Buy rating and boosted its price target on Alphabet (NASDAQ: GOOG) to $900.00 (from $800.00) following strong results after the close.

The team listed three reasons to buy the stock:

Reason #1: We continue to believe online video is the biggest online ad growth driver and YouTube is the premier vehicle to play... More

Alphabet (GOOG) (GOOGL) PT Raised to $850 AT Credit Suisse

Credit Suisse analyst S. Ju reiterated an Outperform rating and boosted its price target on Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) to $850.00 (from $815.00).

Ju commented, "Google reported higher than expected net revenue of $15.3b vs CS $15.0b;... More

Alphabet (GOOG) (GOOGL) PT Raised to $812 at Piper Jaffray

Piper Jaffray analyst Gene Munster reiterated an Overweight rating and boosted his price target on Alphabet (NASDAQ: GOOG) price target of $812.00 (from $723.00) following strong results after the close.

Analyst Gene Munster commented, "Shares of GOOG are up meaningfully in the aftermarket post... More

Cowen Boosts PT on Alphabet (GOOG) to $880; $5B Buyback is Pleasant Surprise

Cowen and Company lifted its price target on Outperform-rated Alphabet (Nasdaq: GOOG)(Nasdaq: GOOGL) from $840 up to $880 following strong Q3 results issued Thursday night.

Analyst John Blackledge commented: GOOG reported solid 3Q15 with FX-neutral revenues accelerating... More

Alphabet (GOOGL) (GOOG) PT Raised to $850 at Mizuho Securities

Mizuho Securities analyst Neil Doshi reiterated a Buy rating and boosted his price target on Alphabet (NASDAQ: GOOG) to $850.00 (from $715.00) following strong results after the close.

Doshi commented, "Net rev of $15.1b and Non-GAAP OI of $6.1b were in line with expectations, while... More

Alphabet (GOOG) Tops Q3 EPS by 14c

Alphabet (NASDAQ: GOOG) reported Q3 EPS of $7.35, $0.14 better than the analyst estimate of $7.21. Revenue for the quarter came in at $18.7 billion versus the consensus estimate of $18.53 billion.

In addition to earnings, Alphabet announced that board of directors authorized the company to repurchase up to $5,099,019,513.59 of its Class C capital stock, commencing in the fourth quarter of 2015. The repurchase is expected to be... More