Company Update: Google Inc (NASDAQ:GOOG) – Analyst: Google’s cloud business could cause the stock to soar to over $900

[Business Insider] – Pacific Crest analyst Evan Wilson doesn’t think Google is getting enough credit in the market for… Read more on this. Alphabet Inc. (GOOG) , valued at $479.49B, started the session at $699.06. Looking at today’s market, GOOG one day range is $693.08 to $700.80 with a one year range of $515.18 to $789.87. GOOG shares are currently priced at 20.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.21x 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. The full-year EPS estimate is $33.60, which would be a $4.02 better than last year. 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. More recently, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. Investors should keep in mind is that the average price target is $924.83, which is 32.30% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Market Update: Google Inc (NASDAQ:GOOG) – Google made a subtle change to its most important business Company Update: Google Inc (NASDAQ:GOOG) – Why Spotify Really Decided To Move Its Core Infrastructure To Google Cloud Company Update: Google Inc (NASDAQ:GOOG) – Google Ad Business Under Scrutiny as EU Said to Revive Probe