Google Inc (NASDAQ:GOOG) – Why Google is tech’s darling-not Apple

Google Inc (NASDAQ:GOOG) [at CNBC] – Investors “heart” Google and it is the search giant’s stock, not Apple, that is the darling of the tech sector now, says Tom Kee.
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Google Inc. (GOOG), valued at $397.86B, ended trading at $1,190.18.
 
Looking at the stock, its one day range is $1,181.42 to $1,190.00 and has traded between $761.26 and $1,191.87 over the past 12 months.
 
Priced at 23.11x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s -9.20x forward p/e ratio.
 

 
Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $12.28 per share, which would be $0.70 better than the year-ago quarter and a $0.02 sequential increase. Investors should also note that the full-year EPS estimate of $51.51 is a $7.62 better when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.52 Billion. If reported, that would be a 18.25% increase over the year-ago quarter.
 
Recently, CRT Capital Initiated GOOG at Buy (Sep 19, 2013). Previously, Janney Initiated GOOG at to Buy.
 
With the above information in mind, readers should note that the average price target is $1,316.95, which is 0.00% above where the stock opened this morning.
 
Google Inc (NASDAQ:GOOG), a technology company, builds products and provides services to organize the information and make it universally accessible and useful. It provides Search, AdWords, AdSense and YouTube. Further, the company offers Android Mobile OS, Google Chrome, Google+, Google Wallet and much more.
 
Tag Helper ~ Stock Code: GOOG | Common Company name: Google | Full Company name: Google Inc (NASDAQ:GOOG) .

More on this topic (What's this?) Read more on Google, Apple at Wikinvest

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