A number of equity research firms have modified their stock ratings and price targets on shares of Google Inc. (NASDAQ: GOOG) in the last week:
Google Inc. was downgraded by analysts at Benchmark Co. from a “buy” rating to a “hold” rating. The analysts now have a $700.00 price target on the stock.
Google Inc. had its “hold” rating re-affirmed by analysts at Stifel Nicolaus.
Google Inc. had its “overweight” rating re-affirmed by analysts at Piper Jaffray.
Google Inc. had its “outperform” rating re-affirmed by analysts at Oppenheimer.
Google Inc. had its price target raised by analysts at Raymond James from $700.00 to $770.00.
Google Inc. had its “outperform” rating re-affirmed by analysts at Raymond James.
About Google Inc.:
Google Inc. (Google) is focused on improving the ways people connect with information. The Company generates revenue primarily by delivering online advertising. The Company focuses on areas, such as search, advertising, operating systems and platforms, and enterprise. Businesses use its AdWords program to promote their products and services with targeted advertising. In addition, the third parties that comprise the Google Network use its AdSense program to deliver relevant ads that generate revenue and enhance the user experience. In February 2010, the Company acquired Aardvar and On2 Technologies, Inc. In May 2010, The Company acquired of AdMob, Inc. (AdMob). In August 2010, the Company acquired Slide, Inc. (Slide). In December 2010, the Company acquired Widevine Technologies, Inc. (Widevine). In April 2011, the Company acquired PushLife. In September 2011, the Company acquired Zagat.
Shares of Google Inc. traded down 0.74% during mid-day trading on Friday, hitting $624.99. Google Inc. has a 52 week low of $473.02 and a 52 week high of $670.25. The stock’s 50-day moving average is $625. and its 200-day moving average is $575.. The company has a market cap of $202.4 billion and a price-to-earnings ratio of 21.46.