Market Update: Google Inc (NASDAQ:GOOG) – Universal App Campaigns Offering from Google Becoming Popular

[Market Realist] – Google’s Universal App Campaigns allow advertisers run their advertiser campaigns on Google Play, Search, YouTube, and Display Network. Read more on this. Alphabet Inc. (GOOG) , with a current market cap of $503.02B, opened this morning at $724.59. A quick look at the market, the company’s stock traded between $724.00 and $733.94 with a trailing 52-week range being $515.18 to $789.87. Google (GOOG) shares are currently priced at 21.81x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.28x 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. Investors should also note that the full-year EPS estimate of $33.60 is a $4.02 better when compared to the previous 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. Recently, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. The average price target for GOOG shares by the analysts covering it is $924.83, which is 27.63% above where the stock opened. See more in (NASDAQ:GOOG) Similar Articles: Market Update: Google Inc (NASDAQ:GOOG) – There’s War in the Marketing Cloud, and Google Analytics 360 Is Bringing It Market Update (NASDAQ:GOOG): Google shocked this man by offering sympathy on the death of his father Market Update: Google Inc (NASDAQ:GOOG) – Google Express vs. Amazon Prime Now (GOOG, AMZN)