Barclays Capital (BCS) Analysts Raise Price Target on Google Inc. (GOOG) to $730.00
Friday, July 15, 2021 1:31 PM

Equities research analysts at Barclays Capital (NYSE: BCS) boosted their price target on shares of Google Inc. (NASDAQ: GOOG) from $675.00 to $730.00 in a research note to investors on Friday.

Separately, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Google Inc. to $655.00 in a research note to investors on Friday. Also, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of Google Inc. to $750.00 in a research note to investors on Friday.

Shares of Google Inc. traded up 12.80% during mid-day trading on Monday, hitting $596.65. 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 $512. and its 200-day moving average is $564.6. The company has a market cap of $192.3 billion and a price-to-earnings ratio of 20.54.

Google Inc. last announced its quarterly results on Thursday, July 14th. The company reported $8.74 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $7.83 EPS by $0.91. The company’s quarterly revenue was up 23.9% on a year-over-year basis. On average, analysts predict that Google Inc. will post $8.28 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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