Google PT Set at $1,200.00 by Sanford C. Bernstein (GOOG)
Stock analysts at Sanford C. Bernstein set a $1,200.00 price target on shares of Google (NASDAQ:GOOG) stock in a report issued on Friday, Analyst Ratings Net reports. Sanford C. Bernstein’s price objective would suggest a potential upside of 35.01% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. set a $1,150.00 price target on shares of Google in a research note to investors on Friday. Separately, analysts at B. Riley set a $1,053.00 price target on shares of Google in a research note to investors on Friday. Finally, 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $1,001.51.
Shares of Google (NASDAQ:GOOG) opened at 888.794 on Friday. Google has a one year low of $636.00 and a one year high of $928.00. The stock’s 50-day moving average is $879.7 and its 200-day moving average is $868.9. The company has a market cap of $296.0 billion and a price-to-earnings ratio of 25.71. Google also saw unusually large options trading activity on Thursday. Traders purchased 73,980 call options on the company. This represents an increase of approximately 311% compared to the average 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 for the quarter, beating the analysts’ 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 last year, the company posted $9.03 earnings per share. Google’s revenue was up 31.4% compared to the same quarter last year. On average, analysts predict that Google will post $43.48 earnings per share for the current fiscal year.
In other Google news, CEO Lawrence Page sold 20,835 shares of Google stock on the open market in a transaction dated Thursday, October 17th. The stock was sold at an average price of $890.31, for a total transaction of $18,549,608.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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