Why Alphabet Stock Popped This Morning
Free cash flow is Alphabet's biggest problem, but this analyst isn't worried at all.
Overview
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock jumped as much as 3% in early trading Friday before retracing a bit later in the morning. As of 11 a.m. ET, Alphabet stock is still up a modest 1.1%.
You can probably thank Tigress Financial Partners for the boost.
Details
Analyst Ivan Feinseth at NYC-based financial services company Tigress Financial Partners raised his price target on Alphabet stock last night, you see. Valuing the tech giant at $485 a share (up from $415 previously), the analyst insists Alphabet stock is still a "strong buy."
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.