25 January 2017
on January 26th the biggest Internet Corporation Google is going to publish financial results for fourth quarter of 2016. We invite you to learn more about the results and look over trading forecast of leading FreshForex analyst Catherine Main.
Positive data release and sharp quotes increase might be expected. Over the last 10 years Google's revenue and net income show steady annual average growth of 16.5% and 15.2%. Cash amount on bank accounts exceeds company's debt by 21 times. Institute for Supply Management reported increase in internet companies' orders, which allows us to count on Google shares positive trend continuation.
On P/BV multiplesP/E andP/BV Google is trading below average and indicates growth potential up to $845 per share.
Our trading recommendation:
Take profit 845
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