Company Update: Google Inc (NASDAQ:GOOG) – Alphabet To Post ‘Big’ 2016 On Google Search: Analyst

[at Investor’s Business Daily] – Alphabet (GOOGL)-owned Google will see strong revenue growth in Q4, underpinned by continuing growth in search advertising, according to a report on Thursday from ITG Investment Research. “We expect … Read more on this. Alphabet Inc. (GOOG) , valued at $495.88B, started the session at $705.38. Looking at today’s trading action, the company’s one day range from $689.10 to $721.88 with a trailing 52-week range being $496.40 to $779.98. GOOG shares are currently priced at 24.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.42x earnings multiple for the same period. According to a consensus of 40 analysts, the earnings estimate of $8.09 per share would be $1.74 better than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $28.99 would be a $3.85 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.78 Billion. If reported, that would be a 43.51% increase over the year-ago quarter. Recently, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. The average price target for GOOG shares by the analysts covering it is $853.67, which is 21.02% above where the stock opened. See more in (NASDAQ:GOOG) Similar Articles: Market Update (NASDAQ:GOOG): Alphabet in 2016: Should You Buy GOOG Stock? Market Update: Google Inc (NASDAQ:GOOG) – The Google Trade: How to Profit from Alphabet Stock Company Update: Google Inc (NASDAQ:GOOG) – Google creates new umbrella company Alphabet, puts Sundar Pichai in lead of Google