Market Update: Google Inc (NASDAQ:GOOG) – One year after ‘Mobilegeddon,’ Google puts its focus on small businesses

[Business Insider] – Google wants to help small businesses make their websites work better on mobile. The company is… Read more on this. Alphabet Inc. (GOOG) , with a current value of $508.77B, started trading this morning at $743.97. Looking at the stock, its one day range is $735.55 to $745.45 with a one year range of $515.18 to $789.87. GOOG shares are currently priced at 21.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.98x earnings multiple for the same period. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $7.94 per share, which would be $1.06 better than the year-ago quarter and a $0.14 sequential increase. The full-year EPS estimate is $34.62 which would be a $5.04 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.32 Billion. If realized, that would be a 17.73% 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 is $930.08, which is 25.02% above where the stock opened this morning. 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)