Stock Update: Google Inc (NASDAQ:GOOG) – Apple’s Android Attack Frustrates Google’s Empire

[at Forbes] – This year’s Key Digital Trends report from Social@Ogilvy highlights one point of pressure for Google and Android that will have to be addressed in 2016, namely the impact of adblockers on Google’s mobile business. Not only does it have an impact on Google’s revenues from smartphones, Apple is subtly applying pressure to distort the market away from ad-supported online properties and depress Google’s inventory. Read more on this. Alphabet Inc. (GOOG) , valued at $517.84B, ended trading yesterday at $749.43. Looking at the stock, its one day range is $746.04 to $753.00 with its 52-week range being $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. Consensus earnings for the current quarter by the 40 sell-side analysts covering the stock is an estimate of $8.09 per share, which 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 based on a consensus revenue forecast of the current quarter of $20.78 Billion. If realized, 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. Given all the information above, we should disclose to readers that the average price target is $853.67, which is 13.91% above than it opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Stock Update: Google Inc (NASDAQ:GOOG) – Android Circuit: Galaxy S6 Edge Wins Best Handset, Google’s New Apps, Your $10,000 Luxury Smartphone Stock Update: Google Inc (NASDAQ:GOOG) – Google’s Android is Digging Deeper into Africa Market Update (NASDAQ:GOOG): Google is reportedly making a new version of its best Android phone — here’s what it looks like