Google PT Raised to $980.00 at Pacific Crest (GOOG)
Several other analysts have also recently commented on the stock. Analysts at Atlantic Securities raised their price target on shares of Google from $870.00 to $1,000.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Google from $875.00 to $1,000.00 in a research note to investors on Tuesday, March 5th. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray raised their price target on shares of Google from $828.00 to $938.00 in a research note to investors on Friday, March 1st. They now have an “overweight” rating on the stock.
Twenty-four analysts have rated the stock with a buy rating, four have issued an overweight rating, and fourteen have given a hold rating to the stock. Google presently has an average rating of “overweight” and an average price target of $862.82.
Shares of Google opened at 831.52 on Monday. Google has a 52 week low of $556.52 and a 52 week high of $844.00. The stock’s 50-day moving average is currently $781.3. The company has a market cap of $274.1 billion and a P/E ratio of 25.81.
Google last released its earnings data on Tuesday, January 22nd. The company reported $10.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.56 by $0.09. The company had revenue of $12.16 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the company posted $9.50 earnings per share. The company’s revenue for the quarter was up 49.6% on a year-over-year basis. Analysts expect that Google will post $45.59 EPS for the current fiscal year.
Google Inc. (Google) is a global technology company focused on improving the ways people connect with information.
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