[Reuters] – WASHINGTON (Reuters) – The U.S. Supreme Court on Monday rejected Google Inc’s bid to throw out a class action lawsuit involving claims that the company deceived California advertisers about the placement … Read more on this. Alphabet Inc. (GOOG) , with a current market cap of $495.13B, opened at $724.91. A quick look at the market, the company’s stock traded between $720.85 and $724.91 with the price of the stock fluctuating between $515.18 to $789.87 over the last 52 weeks. GOOG shares are currently priced at 21.50x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.90x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 37 sell-side analysts are looking at $8.06 per share, which would be $1.07 better than the year-ago quarter and a $0.13 sequential decrease. Investors should also note that the full-year EPS estimate of $33.60 is a $4.02 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.75 Billion. If reported, 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 is $924.83, which is 27.58% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update (NASDAQ:GOOG): U.S. top court rejects challenge to Google book-scanning project Market Update: Google Inc (NASDAQ:GOOG) – Google Express vs. Amazon Prime Now (GOOG, AMZN) Company Update (NASDAQ:GOOG): German court rejects suit by publishers against Google