Домой United States USA — IT Alphabet shares soar through $1,000 for the first time

Alphabet shares soar through $1,000 for the first time

333
0
ПОДЕЛИТЬСЯ

Shares of Alphabet crushed through $1,000 per share on Monday.
Shares of Alphabet Class A stock officially passed through the $1,000 per share mile mark on Monday morning. The move comes just days after shares of Amazon broke through $1,000 for the first time ever.
Shares of Alphabet have been on the upswing all year from a $672.66 52-week low, but may have received a nudge thanks to a recent Pacific Crest note that downgraded Apple. In it, analyst Andy Hargreaves suggested investors buy Alphabet instead of Apple.
«We recommend large-cap tech investors use proceeds from sales of Apple to purchase GOOGL (Overweight, PT $1,100) , which we believe retains an excellent risk/reward profile and more substantial upside potential than AAPL, » Hargreaves said.
Separately, Goldman Sachs published a report Monday noting the technology sector is its favorite at the moment, and that there’s a «basket» of 13 companies that sit on Goldman’s «Hedge Fund VIP» and «Mutual Fund Overweight Positions» lists. A lphabet is included among the favorites.
Shares of Google were up more than 1 percent to $1,007.01 at the time of publication.

Continue reading...