Stock Update: Google Inc (NASDAQ:GOOG) – Google is going after Uber by turning its self-driving-cars division into its own business

[Business Insider] – Google is turning its self-driving-cars unit into a standalone business under the parent company… Read more on this. Alphabet Inc. (GOOG) , with a current value of $514.49B, opened at $750.00. During today’s session, GOOG traded between $739.43 to $751.69 with the price of the stock fluctuating between $486.23 to $775.96 over the last 52 weeks. GOOG shares are currently priced at 25.64x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.90x 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 $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $28.99 is a $3.85 improvement 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. In terms of ratings, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $853.67, which is 13.82% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Market Update: Google Inc (NASDAQ:GOOG) – [$$] The Google Trade: How to Profit from Alphabet Stock Stock Update: Google Inc (NASDAQ:GOOG) – Facebook ‘Big Ambitions’ Pressuring Google YouTube Stock Update: Google Inc (NASDAQ:GOOG) – Twitter Woos Former Google Exec To The Microblog