[at Investopedia] – Oracle and Google head to court to decide whether or not APIs are covered under fair use in copyright. Read more on this. Alphabet Inc. (GOOG) , with a current value of $495.83B, started trading this morning at $716.75. Shares have traded today between $715.72 and $722.30 per share and has traded between $515.18 and $789.87 over the past 12 months. GOOG shares are currently priced at 21.22x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x forward p/e ratio. According to a consensus of 36 analysts, the earnings estimate of $8.06 per share would be $1.07 better than the year-ago quarter and a $0.13 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $33.59, which would be a $4.01 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.75 Billion. If realized, that would be a 17.03% increase over the year-ago quarter. Recently, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. The average price target for GOOG shares by the analysts covering the stock is $924.83, which is 29.03% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update (NASDAQ:GOOG): Oracle Seeks $9.3 Bil From Google Over Java Use; Trial Nears 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