|Bid||1,885.01 x 900|
|Ask||1,889.00 x 800|
|Day's Range||1,887.40 - 1,934.85|
|52 Week Range||1,013.54 - 1,934.85|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||36.54|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,901.67|
Google’s parent firm, Alphabet, is done exploring the idea of using giant balloons to beam high-speed internet in remote parts of the world. The firm said on Thursday evening that it was winding down Loon, a nine-year-old project and a two-and-a-half-year-old spin off firm, after failing to find a sustainable business model and partners. The demise of Loon comes a year after the Android-maker ended Google Station, its other major connectivity effort to bring internet to the next billion users.
Amazon (AMZN) stock has room to grow, with the e-commerce giant’s cloud service likely to be a positive driver in 2021, according to one BofA analyst. Justin Post raised his price target on the stock to $4,000 from $3,650, while maintaining a Buy rating. Shares were trading 2% higher during Thursday’s session.
Alphabet Inc. is scrapping its nine-year-old project to use high-altitude balloons to deliver internet access to remote areas.