JMP Securities Increases Google Price Target to $1,250.00 (GOOG)
JMP Securities increased their price objective on shares of Google (NASDAQ:GOOG) from $1,100.00 to $1,250.00 in a research note issued on Tuesday, Analyst Ratings Network reports. JMP Securities’ target price would indicate a potential upside of 8.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBN Securities initiated coverage on shares of Google in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Google from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $3.20 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Google from $1,067.00 to $1,220.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. Google has an average rating of “Buy” and an average target price of $1,066.08.
In other Google news, SVP Nikesh Arora sold 2,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $1,150.00, for a total transaction of $2,875,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Google (NASDAQ:GOOG) traded up 2.35% during mid-day trading on Tuesday, hitting $1149.40. The stock had a trading volume of 2,484,514 shares. Google has a one year low of $695.52 and a one year high of $1151.00. The stock has a 50-day moving average of $1093. and a 200-day moving average of $962.8. The company has a market cap of $384.0 billion and a P/E ratio of 30.56.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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