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
€153.10
-3.250%
The stock is an absolute favorite of our community with 93 Buy predictions and no Sell predictions.
As a result the target price of 180 € shows a slightly positive potential of 17.57% compared to the current price of 153.1 € for Alphabet Inc. A.
