The price target for US search giant Google (NASDAQ:GOOG) was lifted to $1,000 a share from $820 by experts at Bernstein Research in a research report on Thursday.
The experts mentioned the development of mobile Internet use that would link lots of users as positive development factors.
The huge adoption for smart phones, tablets and mobile internet would make a growth opportunity for Google (GOOG), the analysts reported.
Bernstein thinks that mobile and continued innovation would support revenue growth for many years ahead. The experts also reported that Youtube is an underappreciated asset and is developing rapidly with healthy operating margins that are not completely mirrored. Google ended at $792 per share on Wednesday session.
At the current trading session, Google Inc (NASDAQ:GOOG) shares are up +0.82% to $798.95 while the stocks are trading within the range of $797.21 – $805.45. In the past year, the stock has traded within a range of $556.52 – $808.97. The current session’s volume of 765,600.00 shares is lower from their average daily trading volume of 2.50 million shares.
Zale Corp.’s (NYSE:ZLC) reported that its profit climbed up 43% in its fiscal second quarter as the jewelry retailer announced slightly superior revenue, while few expenses lowered.
For the quarter concluded on Jan. 31, Zale (ZLC) announced a profit of $41.2 million, or $1.02 per share, against $28.8 million, or 77 cents per share, a year-ago same quarter. Revenue climbed up 1.1% to $670.8 million as comparable store sales jumped up 2.8% or 2.2% at constant currency rates.
Analysts polled by Thomson Reuters anticipated a per-share profit of 99 cents on sales of $667 million.
Zale Corporation (NYSE:ZLC) shares are down -3.20% to $4.19 while the stock is trading within the range of $4.23 – $4.86 in the current trading session. In the last 12 months the shares have traded between $2.18 and $7.66. The current session’s volume of 294,906.00 shares is lower from their average daily trading volume of 492,709.00 shares.
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