Stock Update: Google Inc (NASDAQ:GOOG) – Google has a secretive new drone project called Skybender

[Business Insider] – Google’s drone tests in the New Mexico desert are part of a secret effort called Skybender… Read more on this. Alphabet Inc. (GOOG) , valued at $510.95B, opened at $731.53. Looking at today’s trading action, the company’s one day range from $726.80 to $744.99 with a one year range of $514.11 to $779.98. Priced at 25.23x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry ’s 11.59x forward p/e ratio. Consensus earnings for the current quarter by the 39 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 $0.01 sequential increase. The full-year EPS estimate is $28.97, which would be a $3.83 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.76 Billion. If reported, that would be a 43.37% 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. With the above information in mind, readers should note that the average price target is $853.67, which is 16.70% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Stock Update: Google Inc (NASDAQ:GOOG) – Google is officially a ‘dog company’ Stock Update: Google Inc (NASDAQ:GOOG) – John Krafcik Takes the Steering Wheel of Google Car Project Stock Update: Google Inc (NASDAQ:GOOG) – The ‘Google of Russia’ Wins as Google Loses Antitrust Probe