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Meanwhile, Page and co-founder Sergey Brin are becoming the new CEO and president at Alphabet.

With Sundar Pichai at the helm, Google’s India connect has got a huge boost.

Larry Page and Sergey Brin, who founded Google 18 years ago as students at Stanford University, will become chief executive and president of Alphabet respectively, while Sundar Pichai will head up Google.

“Our company is operating well today, but we think we can make it cleaner and more accountable”, Page wrote on Monday in a blog post.

Let’s back up a bit.

After completion of the Alphabet merger, Page will become Alphabet’s CEO, and Sergey Brin, who cofounded Google with Page, will become president of Alphabet.

In addition to Morgan Stanley, Robert Baird analysts have reiterated a Buy rating on Google stock, with an upward revision in its TP, from $720 to $780.

On Monday, the search giant founded by Sergey Brin and Larry Page said it’s reorganizing, creating a holding company with that name to give more clarity to its various product lines.

Credit Suisse has also modified their ratings on a number of other stocks in the few days. The most bullish, or positive target sees the stock going to $700 within the year, while the most bearish, or conservative analyst sees the stock at $550.