Alphabet Inc shares have been in strong demand lately. The technical chart pattern looks positive which may give rise to new gains. Investors should benefit from the breakout of the $ 820 level to target the $ 840.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Its core activity has a significant growth potential and sales are expected to surge, according to Thomson Reuters' forecast. Indeed, those may increase by 56% by 2018.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
The group usually releases upbeat results with huge surprise rates.
Sales forecast by analysts have been recently revised upwards.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The stock is in a well-established, long-term rising trend above the technical support level at 747.6 USD
Stock prices approach a strong long-term resistance in weekly data at USD 814.96.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
The company's "enterprise value to sales" ratio is among the highest in the world.
With a 2016 P/E ratio at 29.31 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
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