December 15th, 2015

Market Update (NASDAQ:GOOG): Did Google Ever Leave China? (GOOG)

[at Investopedia] – Look at Alphabet’s ongoing business in China via its Google Analytics service despite the firewall blockage of Google Search, and the resulting ethical issues. Read more on this. Alphabet Inc. (GOOG) , valued at $497.17B, opened this morning at $723.58. Today’s price range has been between $720.11 and $728.00 per share with the price of the stock fluctuating between $499.83 to $779.98 over the last 52 weeks. GOOG shares are currently priced at 25.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.46x earnings multiple. Consensus earnings for the current quarter by the 39 sell-side analysts covering the stock is an estimate of $8.09 per share, which would be $1.74 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $28.99 would be a $3.85 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.79 Billion. If reported, that would be a 43.58% increase over the year-ago quarter. In terms of ratings, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. The average price target for GOOG shares by the analysts covering the stock is $853.67, which is 17.98% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Market Update: Google Inc (NASDAQ:GOOG) – Google Partners With Lowe’s For New DIY Tools Company Update: Google Inc (NASDAQ:GOOG) – Google Ties With Lenovo, Makes Rare China Comment Company Update: Google Inc (NASDAQ:GOOG) – Google’s Page Embraces, Distances Self from China
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