December 15th, 2015

Stock Update (NASDAQ:GOOG): 10 of Google’s smartest and wildest new projects

[at MarketWatch] – From spoons to contact lenses to Internet balloons, Google/Alphabet is on the verge of changing how we live, says Jurica Dujmović. Read more on this. Alphabet Inc. (GOOG) , currently valued at $482.23B, started trading this morning at $710.00. Looking at today’s market, GOOG one day range is $699.22 to $712.35 with its 52-week range being $515.18 to $789.87. Priced at 20.52x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry ’s 6.67x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 36 sell-side analysts are looking at $7.93 per share, which would be $1.05 better than the year-ago quarter and a $0.13 sequential increase. What we find to be interesting is that the full-year EPS estimate of $34.52 is a $4.94 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.28 Billion. If reported, 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. The average price target for GOOG shares by the analysts covering it is $924.42, which is 30.20% above where the stock opened. See more in (NASDAQ:GOOG) Similar Articles: Market Update (NASDAQ:GOOG): Google Dumps Its Think Tank Market Update (NASDAQ:GOOG): Google’s think tank has become its own company called Jigsaw Company Update: Google Inc (NASDAQ:GOOG) – New Segment Reporting Will Boost Google Stock: RBC
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