December 15th, 2015

Company Update (NASDAQ:GOOG): Google wins U.K. court case filed by Streetmap

[at MarketWatch] – Alphabet Inc.’s Google wins a U.K court case filed by online mapping company Streetmap, as the court ruled that Google didn’t abuse its dominant position. Read more on this. Alphabet Inc. (GOOG) , valued at $473.04B, opened at $692.21. A quick look at the market, the company’s stock traded between $687.07 and $693.60 with a trailing 52-week range being $515.18 to $789.87. GOOG shares are currently priced at 19.78x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 5.13x earnings multiple. According to a consensus of 35 analysts, the earnings estimate of $7.92 per share would be $1.04 better than the year-ago quarter and a $0.12 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $34.53 would be a $4.95 improvement when compared to the previous year’s annual results. 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. More recently, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. With the above information in mind, readers should note that the average price target is $924.42, which is 33.55% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Stock Update: Google Inc (NASDAQ:GOOG) – Google is officially a ‘dog company’ Company Update: Google Inc (NASDAQ:GOOG) – Alphabet To Post ‘Big’ 2016 On Google Search: Analyst Stock Update: Google Inc (NASDAQ:GOOG) – The ‘Google of Russia’ Wins as Google Loses Antitrust Probe
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