Why Alphabet Stock Rallied Wednesday Morning
Shares of (NASDAQ: GOOGL) (NASDAQ: GOOG) turned higher Wednesday, gaining as much as 3.4%. As of 11:15 a.m. ET, the stock was still up 2.7%.
The catalyst that sent the tech giant higher was a notable court victory in the world's most populous country.
A battle in India's New Delhi High Court was decided in Alphabet's favor this week. Two Public Interest Litigation petitions had been filed with the court asking that Google payments be forced to cease operations in India, citing alleged regulatory and privacy violations.
Source Fool.com
Alphabet Inc. A Stock
€307.00
-1.210%
The stock is one of the favorites of our community with 166 Buy predictions and 2 Sell predictions.
As a result the target price of 334 € shows a slightly positive potential of 8.79% compared to the current price of 307.0 € for Alphabet Inc. A.
