In addition to Morgan Stanley, Robert Baird analysts have reiterated a Buy rating on Google stock, with an upward revision in its TP, from $720 to $780.
Google (NASDAQ:GOOG) last announced its earnings results on Thursday, July 16th. In a rare move for us, we recommended the IPO and then watched as the company’s shares rocketed 50% on their first day of trading. This translates to a 7.62% upside from the last closing price.
The price to earnings ratio, or the valuation ratio of a company’s current share price compared to its per-share earnings sits at 32.58.
Google Inc (NASDAQ:GOOGL) core capabilities namely, YouTube, maps, Gmail, Google Fiber and Search. (NASDAQ:GOOGL), are predicting that the company will report $6.85 for the quarter ending on 2015-09-30.
Google Inc. shares went up in the extended session Monday after the tech company released the news that it will create a company named Alphabet Inc. under which all its businesses will be run. Post opening the session at $640.23, the shares hit an intraday low of $629.71 and an intraday high of $642.68 and the price vacillated in this range throughout the day. Equities research analysts anticipate that Google will post $28.88 earnings per share for the current year.
Mirroring the enthusiasm from investors, experts on the Street are also seen to be exhibiting a bullish stance on the stock as research analysts from Deutsche Bank, Pacific Crest, Cantor Fitzgerald, Jefferies and MKM Partners amongst others, have published research notes today detailing their view on the stock and where it might be headed in the future. Cowen and Company raised their price target on Google from $775.00 to $840.00 and gave the company an outperform rating in a report on Tuesday. In a research note issued to the investors, the brokerage major Announces a price-target of $820.00 per share. Ten investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Mizuho raised shares of Google from a neutral rating to a buy rating in a report on Tuesday. The stock was sold at an average price of $630.44, for a total value of $10,509,434.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. (NASDAQ:GOOGL) which led to swings in the share price. The disclosure for this sale can be found here.
Google Inc. (NASDAQ:GOOG) provides its products and services in more than 100 languages and in more than 50 nations, areas and territories. The Organization supplies a wide selection of products across screens and devices. The Company generates revenue primarily by delivering online advertising. The Business comes with an advertisement technology platform for brand advertisers, agencies, and publishers to power its digital marketing companies across display, mobile, and video.