Almost every major investment firm is now projecting Alphabet Inc (NASDAQ:GOOGL) to cross the $1000 mark, after the Alphabet ’s parent company beat analysts’ estimate on first quarter results. Baird reiterated its $1,100 price target on Alphabet (NASDAQ: GOOGL) after Alphabet I/O event, in which Android O and several other new products were announced. Baird’s analyst Colin Sebastian thinks that Alphabet’s innovative measures in the domains of AI and machine learning will pay off in the near future.
Jefferies also increased its price target on Alphabet to $1200 from $1000. The firm has a “buy” rating on the stock.
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