Stock Update: Google Inc (NASDAQ:GOOG) – Would Google build a city from scratch? ‘Great idea’

[Business Insider] – Imagine a city where Google self-driving cars zoom the street, all homes access their… Read more on this. Alphabet Inc. (GOOG) , with a current market cap of $507.84B, started trading this morning at $738.00. Today’s price range has been between $735.37 and $742.80 per share with a trailing 52-week range being $515.18 to $789.87. GOOG shares are currently priced at 21.53x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.35x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 37 sell-side analysts are looking at $7.94 per share, which would be $1.06 better than the year-ago quarter and a $0.14 sequential increase. The full-year EPS estimate is $34.62, which would be a $5.04 better than last year. 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. The average price target for GOOG shares is $930.08, which is 26.03% above where the stock 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) Stock Update: Google Inc (NASDAQ:GOOG) – Google just made a move that could derail Roku’s big plan for the future