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cnbc said that The worst performing FAANG stock of 2020 is now leading the pack.Google parent Alphabet has risen 20% this year. It had gained roughly 30% in 2020, no small feat but lower than those of the other FAANG stocks — Facebook, Apple, Amazon and Netflix.
Citi on Friday increased its price target to $2,415 a share on free cash flow estimates. That implies a 15% upside from Friday’s close.Alphabet bull Danielle Shay, director of options at Simpler Trading, says the company has a secret weapon — online video hub YouTube.
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CNBC International is the world leader for news on business, technology, China, trade, oil prices, the Middle East and markets.
