December 15th, 2015

Market Update: Google Inc (NASDAQ:GOOG) – Government will consider Google computer to be car’s driver

[AP] – The federal government’s highway safety agency agrees with Google: Computers that will control cars of the future can be considered their driver. The redefinition of “driver” is an important … Read more on this. Alphabet Inc. (GOOG) , valued at $476.00B, started trading this morning at $686.86. Looking at the equity, the company’s one day range is $685.17 to $701.31 with the price of the stock fluctuating between $515.18 to $789.87 over the last 52 weeks. Google (GOOG) shares are currently priced at 19.77x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x earnings multiple for the same period. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $7.92 per share, which would be $1.04 better than the year-ago quarter and a $0.12 sequential increase. The full-year EPS estimate is $34.53, which would be a $4.95 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.28 Billion. If realized, that would be a 17.50% 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. Given all the information above, we should disclose to readers that the average price target is $924.42, which is 34.59% above than it 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 Stock Update (NASDAQ:GOOG): Ford and Google teaming up to make self-driving cars Stock Update: Google Inc (NASDAQ:GOOG) – Google is going after Uber by turning its self-driving-cars division into its own business
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