Why Alphabet Stock Was Climbing Today
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were moving higher after the tech giant topped estimates in its second-quarter earnings report last night. The Google parent posted accelerating growth in its digital advertising businesses, reassuring investors that the worst of the downturn was behind it. It also posted another profit in its Google Cloud division.
As of 11:09 a.m. ET, the stock was up 5.9% on the news.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Stock
€149.32
1.610%
The stock is an absolute favorite of our community with 97 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a slightly positive potential of 19.21% compared to the current price of 149.32 € for Alphabet Inc. A.
