Google Given New $1,175.00 Price Target at Cantor Fitzgerald (GOOG)
Equities researchers at Cantor Fitzgerald upped their price objective on shares of Google (NASDAQ:GOOG) from $1,000.00 to $1,175.00 in a research report issued on Friday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 16.17% from the stock’s previous close.
In other Google news, CEO Lawrence Page sold 20,835 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $890.31, for a total transaction of $18,549,608.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on GOOG. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Google in a research note to investors on Friday. They now have a $1,060.00 price target on the stock, up previously from $950.00. Separately, analysts at Wedbush reiterated a “neutral” rating on shares of Google in a research note to investors on Friday. They now have a $980.00 price target on the stock, up previously from $860.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Google in a research note to investors on Friday. They now have a $933.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $1,026.76.
Shares of Google (NASDAQ:GOOG) traded up 13.80% during mid-day trading on Friday, hitting $1011.408. The stock had a trading volume of 11,584,258 shares. 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 $880.4 and a 200-day moving average of $869.4. The company has a market cap of $336.8 billion and a price-to-earnings ratio of 25.71. Google also saw unusually large options trading activity on Thursday. Traders acquired 73,980 call options on the stock. This represents an increase of 311% compared to the average volume of 17,999 call options.
Google (NASDAQ:GOOG) last announced its earnings results on Thursday, October 17th. The company reported $10.74 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $9.03 earnings per share. The company’s quarterly revenue was up 31.4% on a year-over-year basis. On average, analysts predict that Google will post $43.48 earnings per share for the current fiscal year.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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