Market Update: Google Inc (NASDAQ:GOOG) – Smart-home speaker, VR system, chat service from Google

[AP] – Google is showing off a new smart-home speaker, a virtual-reality system called Daydream and a chat service called Allo. More than 7,000 people are attending Google’s showcase in Mountain View, California. … Read more on this. Alphabet Inc. (GOOG) , with a current value of $482.67B, opened this morning at $703.67. Looking at the equity, the company’s one day range is $700.66 to $711.36 with its 52-week range being $515.18 to $789.87. GOOG shares are currently priced at 21.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.98x earnings multiple for the same period. According to a consensus of 37 analysts, the earnings estimate of $8.06 per share 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 based on a consensus revenue forecast of the current quarter of $20.75 Billion. If realized, that would be a 17.03% increase over the year-ago quarter. In terms of ratings, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $924.83, which is 31.43% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Market Update: Google Inc (NASDAQ:GOOG) – One year after ‘Mobilegeddon,’ Google puts its focus on small businesses Market Update: Google Inc (NASDAQ:GOOG) – There’s War in the Marketing Cloud, and Google Analytics 360 Is Bringing It Market Update: Google Inc (NASDAQ:GOOG) – Google Express vs. Amazon Prime Now (GOOG, AMZN)