Alphabet shares rise on bullish research notes from Credit Suisse, Wedbush Securities
Shares of Alphabet Inc. are up slightly to $1,136 Monday after two market research notes said they expect continued strong sales from its search business as well as potential revenue from Maps, Waymo and Life Sciences. Credit Suisse analyst Stephen Ju, in a note Monday, maintained an outperform rating on Alphabet stock with a price target of $1,400. Wedbush Securities analyst Michael Pachter anticipates revenue of $38.24 billion and non-GAAP earnings of $12.92 a share when Alphabet reports second-quarter results on Thursday. Analysts surveyed by FactSet expect earnings of $11.10 a share on revenue of $38.155 billion.
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