Google Price Target Increased to $1,350.00 by Analysts at Robert W. Baird (GOOG)
Equities research analysts at Robert W. Baird raised their target price on shares of Google (NASDAQ:GOOG) from $1,175.00 to $1,350.00 in a research note issued to investors on Friday, Analyst Ratings Network reports. Robert W. Baird’s target price points to a potential upside of 14.31% from the company’s current price.
GOOG has been the subject of a number of other recent research reports. Analysts at Cowen and Company reiterated an “outperform” rating on shares of Google in a research note to investors on Friday. Separately, 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. Finally, analysts at Needham & Company raised their price target on shares of Google from $1,150.00 to $1,350.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Google presently has an average rating of “Buy” and a consensus target price of $1,171.74.
In other Google news, Chairman Eric Schmidt sold 2,033 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Google (NASDAQ:GOOG) traded up 4.01% during mid-day trading on Friday, hitting $1180.97. 5,566,369 shares of the company’s stock traded hands. Google has a 52 week low of $758.10 and a 52 week high of $1167.89. The stock has a 50-day moving average of $1118.81 and a 200-day moving average of $980.8. The company has a market cap of $394.5 billion and a price-to-earnings ratio of 30.90. Google also was the target of some unusual options trading on Thursday. Investors purchased 72,293 call options on the stock. This represents an increase of approximately 143% compared to the typical volume of 29,778 call options.
Google (NASDAQ:GOOG) last released its 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. Analysts expect that Google will post $52.12 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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