Stock Update (NASDAQ:GOOG): Oracle’s Catz Tells Jurors Google Plays by Own Set of Rules

[at Bloomberg] – Oracle Corp. Chief Executive Officer Safra Catz put an Old Testament spin on her company’s software copyright battle with Google as she told jurors about an encounter with her adversary’s top lawyer at … Read more on this. Alphabet Inc. (GOOG) , valued at $486.08B, started the session at $715.99. Looking at the equity, the company’s one day range is $707.55 to $721.49 and has traded between $515.18 and $789.87 over the past year. Priced at 21.16x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s 6.98x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 37 sell-side analysts are looking at $8.06 per share, which would be $1.07 better than the year-ago quarter and a $0.13 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $33.60 would be a $4.02 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.75 Billion. If reported, that would be a 17.03% increase over the year-ago quarter. More recently, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. With the above information in mind, readers should note that the average price target is $924.83, which is 29.17% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Market Update: Google Inc (NASDAQ:GOOG) – Oracle-Google trial over Android has software industry on edge Stock Update (NASDAQ:GOOG): Oracle Battles Google for 9.3B in Damages Company Update (NASDAQ:GOOG): Oracle Seeks $9.3 Bil From Google Over Java Use; Trial Nears