Mark Holder
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Mark Holder in Out Fox The $treet,

Alphabet: Set To Breakout Above $800

While the Bad Bets will continue to hurt results, Alphabet (GOOG)(GOOGL) is set for a break higher. If the stock closes above $80, Alphabet appears set to breakout of the range $680 to $800 range the stock has been stuck in over the last year. 

The stock trades at about 20x forward EPS estimates with a similar growth rate. Alphabet could easily grab a 25 P/E multiple pushing the stock to $1,000. 

Disclosure: No position