Google YouTube Paid Service Draws Price-Target Boost

By | January 12, 2016

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Alphabet (GOOGL)-owned Google only needs to convince a few users of its free YouTube video service to sign up for paid subscriptions with its new YouTube Red offering in order to bring in significant revenue, according to investment bank Credit Suisse, which handed Alphabet a price-target boost on Tuesday. Credit Suisse raised its price target on Alphabet stock to 900 from 850 while maintaining its outperform rating. Alphabet stock was up more Scalper1 News

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