Akara Group International

Predicts Alphabet Inc (GOOGL) will surpass $1,000 during 2016

Akara Group International projects that the stock price of Alphabet Inc (GOOGL) is set to surpass the $1,000 mark within the next 12 month period.

On one side we see a 21% loss on Apple over the previous six months, and on the other we see a 22% gain on the stock price Alphabet

Karl Stokes. Chief Investment Strategist, Akara Group International.

Akara Group International’s Chief Investment Strategist, Karl Stokes, revised his projection of Alphabet Inc as the company continued to display resilience during the most recent period of general market distress.

“Alphabet’s core business, Google, is deeply undervalued around the $700 price point. The company’s third quarter results at the end of December last year provided further evidence that steady, not explosive growth, is helping the company to strengthen on a year by year basis. This is great for investors as they commit to holding the position over the long-term,” commented Akara Group International’s Karl Stokes.

As Alphabet entered 2016 as the world’s most valuable company with a market capitalisation of $565 billion, Apple Inc (AAPL), celebrating on the perch as the worlds most valuable company for the previous four years, has been sliding on a downwards trajectory as concerns surround the saturation point for global iPhone sales.

“On one side we see a 21% loss on Apple over the previous six months, and on the other we see a 22% gain on the stock price Alphabet. This during a period where stock prices have generally been negatively affected by a global slowdown,” continued Akara Group International’s Karl Stokes.

“This is a clear indication of a company that possess the ability to capitalize when markets are favorable, but perhaps more importantly is less susceptible to damages when the market inevitably turns against investors.”

Akara Group International’s Karl Stokes was joined with similar expectation announcements as key figures from the Street projected their growth prospect analysis of Alphabet’s core offering. Doug Anmuth (JP Morgan) revised his price target from $900 up to $900, whilst Brian Pitz  (Jefferies) increased his price objective to $950 from $900 a share.

With the list of analysts providing revisions to their 12 month forecasts for similar reasons, clients of Akara Group International will continue to enjoy the benefits that Alphabet, and in particular Google will provide for the foreseeable future.

About Akara Group International Asset Management

Akara Group International is a fiercely independent boutique finance and wealth management firm that is proud of its roots and the success it has achieved for its clients.

Akara Group International provides advice without conflicts of interest as an essential part of they we are. Their team of financial advisers, analysts and planners are dedicated to ensuring each and every client is treated individually, with their goals paramount.

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