Credit Suisse has also modified their ratings on a number of other stocks in the few days. The most bullish, or positive target sees the stock going to $700 within the year, while the most bearish, or conservative analyst sees the stock at $550.
Google (NASDAQ:GOOG)’s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports.
Google is known for a major lack of transparency when it comes to the company’s finances, as the only disclosed facts are the ad revenue from Google’s own websites with $12 billion, ad revenue from members of Google’s network with $3.6 billion, and “other” revenues which account for a total of $1.7 billion; the internet giant also ambiguously defines where its revenue comes from, with 43% from the United States, 10% from the United Kingdom, and 47% from the rest of the world. Analysts at Mizuho initiated coverage on shares of Google in a research note on Friday, June 26th. They issued an outperform rating on that stock and set a $24.00 price target. (NASDAQ:GOOGL). As per the latest information, the brokerage house raises the price target to $650 per share from a prior target of $582. Analysts at Morgan Stanley reiterated a “hold” rating and set a $505.00 price target on shares of Google in a research note on Tuesday, June 23rd. (NASDAQ:GOOGL) has a target of $646.782 on a consensus basis. When comparing short-term sentiment, the stock had a rating of 1.44 three months ago. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The 52-week high of the share price is $608.91 and the company has a market cap of $157,004 million. The stock has a 50-day moving average of $550.30 and a 200-day moving average of $545.14.
Google Inc. (NASDAQ:GOOGL): On Thursday heightened volatility was witnessed in Google Inc. The current year EPS estimate on the stock is 28.27 and the EPS estimate for next year sits at 32.73.
“We rate GOOGLE INC (GOOGL) a BUY”. The Company has an ad technology platform for brand advertisers, agencies, and publishers to power its digital marketing businesses across display, mobile, and video. The Company provides its products and services in more than 100 languages and in more than 50 countries, regions, and territories. The Company delivers both performance advertising and brand advertising. Effective 23, July, 2014, Google Inc acquired drawElements Oy, a Helsinki-based developer of 3D graphics software. Effective September 11, 2014, Google Inc acquired Input Factory Inc.