Market Update: Google Inc (NASDAQ:GOOG) – There’s War in the Marketing Cloud, and Google Analytics 360 Is Bringing It

[Market Realist] – Ray Wang, Founder of Constellation Research, has suggested that Google Analytics 360 intends to target Adobe’s (ADBE) customers. Read more on this. Alphabet Inc. (GOOG) , valued at $511.73B, opened at $750.06. Looking at the stock, its one day range is $742.43 to $752.63 with its 52-week range being $515.18 to $789.87. Priced at 21.66x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s 17.35x forward p/e ratio. According to a consensus of 37 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. What we find to be interesting is that the full-year EPS estimate of $34.62 is a $5.04 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.32 Billion. If reported, that would be a 17.73% increase over the year-ago quarter. Recently, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. When considering if the stock is under or overvalued, the average price target is $930.08, which is 24.00% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update: Google Inc (NASDAQ:GOOG) – Google’s New Marketing Tech No Immediate Threat to Adobe et al., Says Pivotal Market Update: Google Inc (NASDAQ:GOOG) – Google Express vs. Amazon Prime Now (GOOG, AMZN) Company Update: Google Inc (NASDAQ:GOOG) – Why Spotify Really Decided To Move Its Core Infrastructure To Google Cloud