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Google’s stock is slipping after a rare downgrade

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Google’s stock is slipping after a rare downgrade

Larry Page

Justin Sullivan/Getty Images

Alphabet CEO Larry Page.

Although most of Wall Street remains incredibly bullish on Google’s parent company Alphabet, a rare downgrade from Canaccord has caused the stock to dip a bit Thursday.

Alphabet’s stock was down as much as 2.2% as Canaccord downgraded it to hold.

In a research note published Thursday, Canaccord said a lot of Alphabet’s growth in mobile search and YouTube “will be hard to repeat.” But, like most analysts, Canaccord has a $1,000 price target for the stock.

Canaccord also says Alphabet will continue to perform well in the short term.

“We think this year is fine, and next year has a very good chance at achieving sentimental 20% Google Properties growth level,” the note reads.

Get the latest Google stock price here.

NOW WATCH: Apple finally unveiled its Siri-powered version of Google Home and Amazon Echo — here’s everything you need to know

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

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Larry Page

Justin Sullivan/Getty Images

Alphabet CEO Larry Page.

Although most of Wall Street remains incredibly bullish on Google’s parent company Alphabet, a rare downgrade from Canaccord has caused the stock to dip a bit Thursday.

Alphabet’s stock was down as much as 2.2% as Canaccord downgraded it to hold.

In a research note published Thursday, Canaccord said a lot of Alphabet’s growth in mobile search and YouTube “will be hard to repeat.” But, like most analysts, Canaccord has a $1,000 price target for the stock.

Canaccord also says Alphabet will continue to perform well in the short term.

“We think this year is fine, and next year has a very good chance at achieving sentimental 20% Google Properties growth level,” the note reads.

Get the latest Google stock price here.

NOW WATCH: Apple finally unveiled its Siri-powered version of Google Home and Amazon Echo — here’s everything you need to know

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2tqnmBU

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



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