Alphabet stock closes at record high

Alphabet Inc. Class A stock closed at a record high Monday, up 1.5% to $1,072.01. Shares were flat after hours. Google stock also set an intraday record Monday with shares touching $1,072.18. Of the 43 analysts that cover Alphabet, 37 have a buy or overweight rating and six have a hold, according to FactSet. The average price target is $1,175.65 and the company has beaten analyst models for the past six quarters in a row, according to FactSet. Google Class A stock is up 35% this year, with the S&P 500 index up 16%.

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