Why Alphabet Stock Popped on Monday
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock inched higher in Monday trading as the market turned green again on positive news of a moderation of President Trump's tariffs on electronic goods. As of 11:05 a.m. ET, the stock is up a modest 2.3%.
Also perhaps encouraging investors was a not-too-negative note on Alphabet from investment bank Citigroup.
As StreetInsider.com reported this morning, Citi has trimmed its price targets on several internet stocks based on its guesses as to how the tariffs, and a generally slowing economy, might depress growth prospects in this sector. Broadly speaking, Citi is reducing its forecast for both revenue and profits growth, but leaving its $195 price target for Alphabet in particular intact.
Source Fool.com
Alphabet Inc. C Stock
Our community is currently high on Alphabet Inc. C with 59 Buy predictions and 5 Sell predictions.
With a target price of 299 € there is a slightly positive potential of 4.95% for Alphabet Inc. C compared to the current price of 284.9 €.
