Market Update: Google Inc (NASDAQ:GOOG) – Why this company says it’s ‘evil’ for Google to keep blocking medical marijuana ads

[at American City Business Journals] – Google is blocking medical marijuana advertisements in New York, a practice that hurts patients with serious illnesses who could benefit from the drug, says one of the companies that distributes it. Vireo Health of New York, which is a subsidiary of Minnesota medical marijuana company Vireo Health LLC, sent a letter asking Google (GOOG) to stop rejecting its advertisements. “We would argue that it would be inadvertently ‘evil’ if Google Incorporated continued to make it needlessly difficult for seriously ill patients to connect with us online to learn about how to access to medicines that alleviate their suffering,” Vireo Health of New York CEO Ari Hoffnung wrote in a letter sent to Google on March 15. Read more on this. Alphabet Inc. (GOOG) , with a current value of $506.09B, started trading this morning at $741.86. During today’s session, GOOG traded between $731.83 to $742.00 with its 52-week range being $515.18 to $789.87. Priced at 21.31x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s 16.79x forward p/e ratio. According to a consensus of 36 analysts, the earnings estimate of $7.94 per share would be $1.06 better than the year-ago quarter and a $0.14 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $34.62, which would be a $5.04 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.30 Billion. If reported, that would be a 17.61% 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. Given all the information above, we should disclose to readers that the average price target is $924.42, which is 24.61% above than it opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update: Google Inc (NASDAQ:GOOG) – Google invented this weird-looking gadget to collect people’s medical info Market Update: Google Inc (NASDAQ:GOOG) – Google Express vs. Amazon Prime Now (GOOG, AMZN) Company Update: Google Inc (NASDAQ:GOOG) – Google just took a much clearer stance on banning ad blocking apps (but ad blocking browsers are still OK)