Google Given a $1,053.00 Price Target at B. Riley (GOOG)
B. Riley set a $1,053.00 target price on shares of Google (NASDAQ:GOOG) stock in a research note issued on Friday, Analyst Ratings Network reports. B. Riley’s price objective suggests a potential upside of 18.48% from the company’s current price.
In other Google news, CEO Lawrence Page sold 20,835 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $890.31, for a total value of $18,549,608.85. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Google (NASDAQ:GOOG) opened at 888.794 on Friday. Google has a 52-week low of $636.00 and a 52-week high of $928.00. The stock has a 50-day moving average of $879.7 and a 200-day moving average of $868.9. The company has a market cap of $296.0 billion and a P/E ratio of 25.71. Google also was the recipient of unusually large options trading on Thursday. Investors bought 73,980 call options on the stock. This is an increase of 311% compared to the typical daily volume of 17,999 call options.
Google (NASDAQ:GOOG) last announced its earnings results on Thursday, October 17th. The company reported $10.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.36 by $0.38. The company had revenue of $14.89 billion for the quarter, compared to the consensus estimate of $14.79 billion. During the same quarter in the previous year, the company posted $9.03 earnings per share. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. Analysts expect that Google will post $43.48 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Google from $970.00 to $1,220.00 in a research note to investors on Friday. Separately, analysts at Needham & Company raised their price target on shares of Google from $1,000.00 to $1,150.00 in a research note to investors on Friday. Finally, analysts at Evercore Partners reiterated an “overweight” rating on shares of Google in a research note to investors on Friday. They now have a $1,100.00 price target on the stock, up previously from $1,050.00. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $996.38.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.