Company Update: Google Inc (NASDAQ:GOOG) – [$$] Smartphone Winners: Facebook, Amazon.com and Google

[at Barrons.com] – Google parent Alphabet (GOOGL) dominates mobile search, Facebook (FB) is the dominant social network, and Amazon (AMZN) is the de facto place for mobile shopping. Amazon and eBay (EBAY) appear to have gained greater mind share, while Google and Facebook remain dominant on search and social. Read more on this. Alphabet Inc. (GOOG) , with a current value of $515.40B, opened at $762.42. Today, shares have traded between $749.00 and $762.68 per share with a one year range of $486.23 to $775.96. Priced at 25.64x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s 8.45x forward p/e ratio. 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. Investors should also note that the full-year EPS estimate of $28.99 is 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. More 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 11.97% above where the stock opened. See more in (NASDAQ:GOOG) Similar Articles: Stock Update: Google Inc (NASDAQ:GOOG) – Facebook ‘Big Ambitions’ Pressuring Google YouTube Company Update: Google Inc (NASDAQ:GOOG) – This may be our best look yet at Google’s giant new smartphone Company Update: Google Inc (NASDAQ:GOOG) – Google’s Ara Smartphone Was Never Going To Be Anything But A Failure