YouTube Red

YouTube Red

YouTube’s new paid service might become Google’s big growth driver

Even conservative forecasts for YouTube’s new paid service could mean a significant impact on Google’s bottom-line, Credit Suisse said in a note to clientsTuesday (Jan. 12). It’s so bullish on Google’s prospects as a result that it lifted its price target for Class A shares in Alphabet, Google’s holding company, from $850 to $900. The stock currently trades at less than $750.

 

Source: YouTube’s new paid service might become Google’s big growth driver

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