Google Inc. (GOOG) Upgraded by Evercore Partners to "Overweight"
Tuesday, July 05, 2021 9:10 AM

Equities research analysts at Evercore Partners upgraded shares of Google Inc. (NASDAQ: GOOG) from an "equal weight" rating to an "overweight" rating in a research note to investors on Tuesday. The analysts currently have a $670.00 price target on the stock.

Separately, analysts at Jefferies reiterated a "buy" rating on shares of Google Inc. in a research note to investors on Friday, June 24th. Also, analysts at Oppenheimer (NYSE: OPY) cut their EPS estimates on shares of Google Inc. in a research note on Friday. They now have a "market perform" rating and a $800.00 price target on the stock. They previously had a "buy" rating on the stock.

Shares of Google Inc. opened at 521.028 on Wednesday. Google Inc. has a 52 week low of $433.63 and a 52 week high of $642.96. The stock's 50-day moving average is $537.6 and its 200-day moving average is $583.2. The company has a market cap of $167.9 billion and a price-to-earnings ratio of 20.23.

Google Inc. last announced its quarterly results on Thursday, April 14th. The company reported $8.08 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $8.10 EPS by $0.02. During the same quarter in the prior year, the company posted $6.76 earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis. On average, analysts predict that Google Inc. will post $8.30 EPS next quarter.

Google Inc. maintains an index of Websites and other online content, and makes this information freely available through its search engine to anyone with an Internet connection. Its automated search technology helps people obtain nearly instant access to relevant information from its online index. It generates revenue primarily by delivering online advertising. Businesses use its AdWords program to promote their products and services with targeted advertising. In addition, the thousands of third-party Websites that comprise the Google Network use its AdSense program to deliver relevant ads that generate revenue and enhance the user experience. In September 2009, the Company acquired ReCAPTCHA Inc., a spin-off of Carnegie Mellon University's Computer Science Department. In February 2010, it acquired Aardvark. In February 2010, it acquired On2 Technologies, Inc. In August 2010, it acquired Slide, a social technology company. In August 2010, it acquired Angstro.

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