While Facebook stocks increased by 29% in the previous year, and Amazon – by 44%, the Alphabet’s increase was only 10%, Take-profit.org reports.
However, Credit Suisse analyst Steven U sets the price target for company’s stocks at USD 1.1 ths for the next 12 months. In this case, the market capital increase Alphabet will increase by USD 757 bln, surpassing Apple, USD 745 bln.
Alphabet’s shares increased by 1.8% up to USD 855.13, adding 3.3% for the last 3 months. In the meantime, Amazon, Apple and Facebook added 11%, 18% and 10.5%, respectively.
According to Credit Suisse, the revenues from Google Cloud and Google Play will help Google to compensate the underperforming dynamics.
According to bank analysts, for the next three years, the third of Alphabet’s revenues will fall to the share of Youtube, Google Play and Google Cloud.
The company will present its quarter results on April 27.
