Alphabet: Wall Street Analyst Recommendations after 1Q18
Alphabet (GOOG) posted better-than-expected earnings and revenues on April 23, but higher costs and capital investments raised investors’ concerns, which pulled down the stock. Alphabet is now trading at a 19.7% discount to its consensus median target estimate. On April 23, Alphabet’s stock was trading at $1,067.5, 1.1% below its 100-day moving average of $1,079.3 and 0.7% below its 50-day moving average.