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Communication Services : Interactive Media & Services | Large Cap Growth
Company profile

Alphabet Inc. is a holding company. The Company's businesses include Google Inc. (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives. The Google segment is engaged in advertising, sales of digital content, applications and cloud offerings, and sales of hardware products. The Other Bets segment is engaged in the sales of Internet and television services through Google Fiber, sales of Nest products and services, and licensing and research and development (R&D) services through Verily. It offers Google Assistant, which allows users to type or talk with Google; Google Maps, which helps users navigate to a store, and Google Photos, which helps users store and organize all of their photos.

Postmarket

Last Trade
Delayed
$2,291.99
2.23 (0.10%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$2,289.76
Day's Change
7.01 (0.31%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
2,304.09
Day's Low
2,270.18
Volume
(Average)
Volume:
1,512,647

10-day average volume:
1,449,299
1,512,647

Sabre stock surges toward a 1-year high, after Deutsche Bank analyst turns bullish

9:50 am ET February 19, 2021 (MarketWatch)
Print

Shares of Sabre Corp. (SABR) charged 8.7% higher, toward a one-year high, after Deutsche Bank analyst Ashish Sabadra turned bullish on the travel services software and technology company, citing optimism over the recently announced Google partnership and the post-COVID-19 recovery. Sabadra raised his rating to buy from hold, and boosted his stock price target to $17, which implies a 23% gain from current levels, from $12. He said Sabre's "competitive positioning has improved," after Sabre and Alphabet Inc.'s (GOOGL) Google Cloud said they were joining forces (https://cloud.google.com/press-releases/2020/0121/sabre-and-google-cloud-partnership/). "In addition, we believe the permanent cost take-out and technology savings from shift to Cloud will drive significant upside to margins and free cash flow coming out of the crisis," Sabadra wrote in a note to clients. "Importantly, the pent-up demand for travel could potentially drive faster recovery than prior recessions." The stock, which is on track to close at the highest level since Feb. 27, has run up 35.2% over the past three months, but was still down 38.2% over the past 12 months. In comparison, the S&P 500 has gained 9.4% the past three months and rallied 15.8% the past year.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

February 19, 2021 09:50 ET (14:50 GMT)

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