Alphabet Inc. (GOOGL) was reiterated an ‘Outperform’ by FBN Securities analysts on Friday. The broker however, lowered its price target on the stock to $875 from $925. The name was also lowered to $825 from $910 at Needham, and to $888 from $930 at Stifel.
Shares have traded today between $730.38 and $753.92 with the price of the stock fluctuating between $532.24 to $810.35 over the last 52 weeks.
Alphabet Inc. Cl A shares are currently changing hands at 31.12x this year’s forecasted earnings, compared to the industry’s 16.23x earnings multiple. Ticker has a t-12 price/sales ratio of 7.16. EPS for the same period registers at $23.59.
Shares of Google-parent Alphabet have lost $45.75 to $734.25 in midday trading on Friday, giving it a market cap of $505.40 billion. The stock traded as high as $810.35 on Feb. 2, 2016.
Advanced Micro Devices, Inc. (AMD) was reiterated as ‘Hold’ with a $3 from $2 price target on Friday by Topeka Capital Markets.
Advanced Micro Devices Inc. recently traded at $3.55, a gain of $0.93 over Thursday’s closing price. The name has a current market capitalization of $2.82 billion.
In the past 52 weeks, shares of AMD have traded between a low of $1.61 and a high of $3.65 and are now trading at $3.60. Shares are up 14.91% year-over-year ; down 8.71% year-to-date.
Microsoft Corporation (MSFT) rating of ‘Outperform’ was reiterated today at BMO Capital Markets with a price target decrease of $57 from $58 (versus a $55.78 previous close).
Microsoft has tumbled 7% in today’s trading following weak Q3 results and cautious guidance for the fourth quarter.