Why Alphabet Rallied Today
Shares of tech giant (NASDAQ: GOOG) (NASDAQ: GOOGL) rallied as high as 3.4% today, before retreating to a 2% gain as of 3:04 p.m. ET, still well ahead of the Nasdaq Composite.
Lots of technology names rallied today on the back of strong numbers out of Hon Hai Precision, which released very strong artificial intelligence (AI) server numbers for the month of December.
However, Alphabet got an additional boost thanks to a positive note from a prominent Wall Street analyst.
Source Fool.com
Alphabet Inc. C Stock
€263.20
0.520%
The stock is one of the favorites of our community with 54 Buy predictions and 4 Sell predictions.
On the other hand, the target price of 258 € is below the current price of 263.2 € for Alphabet Inc. C, so the potential is actually -1.98%.
