Alphabet reported good 4Q16 results with better-than expected revenue growth trends alongside favorable margins. Bottom-line results came in below expectations primarily on higher than expected taxes. Overall, a higher revenue base and relatively similar margin trends in our model lead us to increase our price target slightly, now to $970. We continue to rate Alphabet Buy.
Enjoying This Commentary? There's More to Love
Subscribe to MediaVillage to receive email alerts featuring the latest content on advertising, media/TV, and marketing strategies and trends, including exclusive The Myers Report research findings.