Merrill Lynch reiterated Buy on Alphabet Inc (GOOGL) despite expecting deceleration during 2H

Alphabet Inc. (NASDAQ:GOOGL) investors have been a little uneasy since it failed to meet the consensus estimate in its Q1 FY16 earnings report. The company missed the consensus by 46 cents which caused a wave of chaos among investors, which, some analysts believe might have been an overreaction. Merrill Lynch in its latest report regarding Alphabet Inc has reiterated a Buy rating, but, has predicted that the stock might be in for modest beating during the second half of the year as trends are expected to decelerate. Google is going to host one of the world’s largest developer conferences tomorrow, namely, Google I/O. The company is expected to use the platform to impart information regarding ongoing innovations. The key points of interest are largely to be technology related and will focus mostly…


Link to Full Article: Merrill Lynch reiterated Buy on Alphabet Inc (GOOGL) despite expecting deceleration during 2H