Google Price Target Raised to $1,210.00 at Argus (GOOG)
Stock analysts at Argus upped their price target on shares of Google (NASDAQ:GOOG) from $1,065.00 to $1,210.00 in a report issued on Monday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Argus’ target price suggests a potential upside of 19.64% from the stock’s previous close.
In other Google news, CEO Lawrence Page sold 20,835 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $890.31, for a total value of $18,549,608.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other firms have also recently commented on GOOG. Analysts at Pivotal Research raised their price target on shares of Google from $870.00 to $880.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of Google from $975.00 to $985.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Google from $972.00 to $1,110.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,034.74.
Google (NASDAQ:GOOG) opened at 1011.408 on Monday. Google has a 1-year low of $636.00 and a 1-year high of $1015.46. The stock has a 50-day moving average of $884.2 and a 200-day moving average of $870.4. The company has a market cap of $337.4 billion and a price-to-earnings ratio of 27.52.
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. Analysts expect that Google will post $44.14 EPS 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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