Stock Update: Google Inc (NASDAQ:GOOG) – Google is finally smashing Android and Chrome together and it’s awesome

[Business Insider] – Google just took a big step to unite its two operating systems, Chrome and Android, and it’s… Read more on this. Alphabet Inc. (GOOG) , with a current value of $480.47B, opened this morning at $702.84. During today’s session, GOOG traded between $696.81 to $706.00 with a trailing 52-week range being $515.18 to $789.87. GOOG shares are currently priced at 21.03x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.98x earnings multiple for the same period. 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. Furthermore, our analysis shows the full-year EPS estimate to be $33.60, which would be a $4.02 better when compared to the last 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. 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 31.58% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update: Google Inc (NASDAQ:GOOG) – 420 Million Android Devices Don’t Get Security Updates, Google Reports Company Update (NASDAQ:GOOG): Like Apple, Google Android Said Ordered To Unlock Smartphones Stock Update: Google Inc (NASDAQ:GOOG) – Google to take on Apple in the UK with Android Pay