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
With 60 Buy predictions and 4 Sell predictions Alphabet Inc. C is one of the favorites of our community.
As a result the target price of 299 € shows a slightly positive potential of 11.01% compared to the current price of 269.35 € for Alphabet Inc. C.
