Stifel analyst Scott Devitt raised his Q2 and 2018 net revenue forecasts for Alphabet driven by strong results in both Properties and Network revenues in Q1. While its Q1 operating margins excluding one-time items came in below consensus expectations, they beat his forecast, noted Devitt, who raised his price target on Alphabet shares to $1,234 and keeps a Hold rating on the stock.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here