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Actionable news in GOOGL: GOOGLE Inc CLASS A,

Alphabet (GOOGL) Remains 'Our Number Two Pick in the Space,' RBC's Mahaney Says

NEW YORK (TheStreet) --Alphabet (GOOGL) reported better-than-expected 2016 third-quarter results after the market close on Thursday. The Google parent company posted earnings of $9.06 per share, above analysts'' expected $8.63 per share. Revenue grew 20% year-over-year to $22.45 billion, beating expectations of $22.05 billion.

RBC Capital Markets lead tech analyst Mark Mahaney has an "outperform" rating and a $1,025 price target on the stock but admittedly was taken aback...