Google Given New $1,050.00 Price Target at BMO Capital Markets (GOOG)
Research analysts at BMO Capital Markets boosted their target price on shares of Google (NASDAQ:GOOG) from $890.00 to $1,050.00 in a report released on Friday, AnalystRatingsNetwork reports. BMO Capital Markets’ price target indicates a potential downside of 11.09% from the stock’s previous close.
A number of other firms have also recently commented on GOOG. Analysts at Robert W. Baird raised their price target on shares of Google from $1,175.00 to $1,350.00 in a research note to investors on Friday. Separately, analysts at Cowen and Company reiterated an “outperform” rating on shares of Google in a research note to investors on Friday. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Google in a research note to investors on Friday. They now have a $1,450.00 price target on the stock, up previously from $1,310.00. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $1,171.74.
In other Google news, Chairman Eric Schmidt unloaded 2,033 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $1,094.04, for a total value of $2,224,183.32. Following the completion of the sale, the chairman now directly owns 1,293 shares in the company, valued at approximately $1,414,594. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Google (NASDAQ:GOOG) last issued its quarterly earnings data on Friday, January 31st. The company reported $12.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $12.21 by $0.20. The company had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $13.41 billion.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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