Credit Suisse Reiterates “Outperform” Rating for Google (GOOGL)
Google (NASDAQ:GOOGL)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Thursday. They currently have a $589.52 price target on the stock, down from their previous price target of $745.00. Credit Suisse’s price objective would indicate a potential upside of 0.01% from the stock’s previous close.
GOOGL has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Google in a research note on Wednesday, August 13th. They set a “buy” rating and a $700.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Google in a research note on Friday, August 8th. They now have a $600.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Google in a research note on Friday, July 18th. They now have a $610.00 price target on the stock. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $825.21.
Shares of Google (NASDAQ:GOOGL) opened at 589.52 on Thursday. Google has a one year low of $421.912 and a one year high of $615.055. The stock has a 50-day moving average of $588. and a 200-day moving average of $573.5. The company has a market cap of $398.7 billion and a P/E ratio of 30.55.
Google (NASDAQ:GOOGL) last announced its earnings results on Thursday, July 17th. The company reported $5.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.16 by $0.07. Analysts expect that Google will post $26.44 EPS for the current fiscal year.
Google Inc (NASDAQ:GOOGL), is a global technology company.
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