WHY ONE WALL STREET ANALYST THINKS ALPHABET COULD SURGE ANOTHER 15% AFTER HITTING A $1 TRILLION MARKET VALUE (GOOGL)

AP UBS on Friday raised its price target on Google parent Alphabet to $1,675 from $1,460. The price target implies that the stock could surge another 15% after hitting a $1 trillion market value on Thursday.  "We believe the current valuation does not give full credit to its scale advantages, the potential for better capital allocation and cost efficiencies, or its cash balance," UBS analyst Eric Sheridan wrote.  Watch Alphabet tr...

BusinessInsider (Date:01/17/2020 17:11) Read full article >>

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