Google, Inc.(NASDAQ:GOOGL) said that it would use Titan Aerospace’s drone satellites to take photos of the Earth and connect people to the Internet, according to The New York Times. Google announced yesterday that it would buy Titan.
Analysts have a consensus price target of $675 on Google, Inc.(NASDAQ:GOOGL) which indicates a 24.85% upside. The consensus rating of the stock is a BUY with a score of 2.75. There are currently 1 Hold Rating and 3 Buy ratings on the stock.
Jefferies raised its price target for Google shares to $700 ahead of the company’s Q1 results on Wednesday and it keeps a Buy rating on the stock. The new price target reflects the sale of Motorola. Jefferies notes its survey indicates Google’s traffic trends were solid in Q1.
Zebra Technologies Corp.(NASDAQ:ZBRA) and Motorola Solutions Inc (NYSE:MSI) announced that they have entered into a definitive agreement in which Zebra will acquire Motorola’s Enterprise business for $3.45B in an all-cash transaction. The acquisition will be funded through a combination of cash on hand and new debt. The transaction, which was approved by the boards of both companies, is subject to customary closing conditions including regulatory approvals. The transaction is expected to be completed by the end of 2014. The combined Zebra Technologies with Motorola’s Enterprise business would have had pro-forma sales in 2013 of approximately $3Bbillion. Approximately 4,500 employees are expected to join Zebra upon completing this transaction.
Analysts have a consensus price target of $62 on Zebra Technologies Corp.(NASDAQ:ZBRA) which indicates a 9% downside. The consensus rating of the stock is a HOLD with a score of 2.43. There are currently 4 Hold ratings and 3 Buy ratings on the stock.
A recent analyst action consisted of Sidoti initiating coverage on the stock with a BUY rating.
Suggested Reading: One Hit Wonders of All Time
