Google PT Raised to $660.00 at Topeka Capital Markets (GOOGL)
Topeka Capital Markets upped their price objective on shares of Google (NASDAQ:GOOGL) from $657.00 to $660.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ target price suggests a potential upside of 13.60% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Google from $735.00 to $742.00 in a research note on Monday. Separately, analysts at FBR Capital Markets initiated coverage on shares of Google in a research note on Monday. They set an “outperform” rating and a $674.00 price target on the stock. Finally, 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. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $863.52.
Shares of Google (NASDAQ:GOOGL) opened at 580.82 on Friday. 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 $574.5 and a 200-day moving average of $569.9. The company has a market cap of $391.8 billion and a P/E ratio of 30.95.
Google (NASDAQ:GOOGL) last posted its quarterly earnings results on Friday, July 18th. The company reported $5.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $5.16 by $0.07. On average, analysts predict that Google will post $26.74 earnings per share for the current fiscal year.
Google Inc (NASDAQ:GOOGL) is a global technology company.
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