Friday, October 28, 2016

Alphabet: Path To $1,000

After another strong earnings report, Alphabet (GOOGL) is up $12 today to $829. The stock appears on a path to $1,000. RBC Capital Markets tech analyst Mark Mahaney places a $1,025 target on the stock.

Alphabet trades at a meager 20 forward P/E multiple making one wonder if the inability to obtain a higher multiple is related to the market cap of nearly $560 billion or the potential problems in Europe. Either way, it appears the stock is on a path to $1,000.

More research:
Alphabet: Only Takes Minimal Financial Discipline

Alphabet: EU Problems


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