Google’s Parent Company Alphabet shares rose 1.06% to $2,550.98 Wednesday. This proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.82% to 4,358.69 and the Dow Jones Industrial Average DJIA rising 0.83% to 34,798.00.
Google’s Parent Company closed $35.55 below its 52-week high ($2,586.53), which the company achieved on July 14th. The stock showed a mixed performance when compared to some of its competitors Wednesday, as Apple Inc. AAPL fell 0.51% to $145.40, Microsoft Corp. MSFT rose 0.74% to $281.40, and Facebook Inc. Cl A FB rose 1.34% to $346.23.
Post repeated a Buy rating on the stock and provided a price target of $2,755 per share. This target suggests a possible 12-month upside of 9.14%. GOOGL has recently experienced positive activity elsewhere across its far-reaching business. Its wearable operating software is merging with Samsung, while it is integrating a shopping platform with Shopify merchants and payment options.