Price Target Changed: Alphabet (GOOGL), Advanced Micro Devices (AMD), Microsoft (MSFT)

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.


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