Ron Burgundy Posted January 27, 2017 Share Posted January 27, 2017 Alphabet Inc's core advertising business remained strong and its smartphone and home-automation products were gaining traction, analysts said a day after the company missed profit expectations, hurt by a higher tax rate. At least 11 brokerages raised their price targets on Alphabet's stock, which now has a median price target of $992.50 - indicating a 15.8 percent upside to the stock's Thursday close. "From a capital allocation standpoint, we appreciate Alphabet is investing in strategic, promising areas like Google Assistant and hardware, while pausing investment in less rewarding areas like Fiber," Jefferies analysts said. View the full article Quote Link to comment Share on other sites More sharing options...
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