Google PT Raised to $742.00 (GOOGL)
Equities research analysts at Credit Suisse hoisted their target price on shares of Google (NASDAQ:GOOGL) from $735.00 to $742.00 in a research note issued to investors on Monday. Credit Suisse’s price target would suggest a potential upside of 24.86% from the stock’s previous close.
Shares of Google (NASDAQ:GOOGL) traded up 1.30% during mid-day trading on Monday, hitting $594.26. 1,954,612 shares of the company’s stock traded hands. Google has a 52 week low of $421.912 and a 52 week high of $615.055. The stock has a 50-day moving average of $573.2 and a 200-day moving average of $569.4. The company has a market cap of $400.8 billion and a price-to-earnings ratio of 30.74.
Google (NASDAQ:GOOGL) last announced its earnings results on Wednesday, April 16th. The company reported $6.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $6.44 by $0.17. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.51 billion. On average, analysts predict that Google will post $26.80 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GOOGL. Analysts at FBR Capital Markets initiated coverage on shares of Google in a research note on Monday. They set an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Google from $675.00 to $686.00 in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Finally, analysts at Barclays initiated coverage on shares of Google in a research note on Thursday, June 26th. They set an “overweight” rating and a $650.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $885.69.
Google Inc (NASDAQ:GOOGL) is a global technology company.
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