What’s going on with GOOG
Alphabet Inc Class C (GOOG) is expected to release second quarter numbers after market close on July 27. Analysts are forecasting earnings of $ 0.29 per share for the quarter. During the same period last year, the company earned $ 0.22 and the stock is up 57.3% on the year.
Technical analysis
GOOG recently traded at $ 2,755.07, down $ 21.10 from its 12-month high and $ 1,348.52 above its 12-month low. InvestorsObserver gives GOOG a long-term technical score of 91 and a short-term technical score of 70. The stock has recent support above $ 2588 and recent resistance below $ 2785. Of the 27 analysts who cover the stock, 22 rate it a strong buy, 4 rate it a buy, 1 rate it in custody, 0 rate it a sell and 0 rate it a strong sell, GOOG obtains a Overall InvestorsObserver score of 72.
Analysts’ thoughts
Looking ahead, analysts expect GOOG to grow profits by 21.00% annually over the next five years. In the last quarter, the company posted better than expected EPS and this quarter the rue expects EPS of $ 0.29. GOOG is currently trading at $ 2,755.07 with an average price target of $ 2,625.00.
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