Google (NASDAQ:GOOG) rose Tuesday as the company is reportedly in early discussions to buy Skybox Imaging and has also expressed an interest in Titan Aerospace according to people familiar with the discussions.
According to The Information, a technology industry news source, both companies are privately held high-resolution satellite imaging companies which provide services to global customers. These high tech companies are in the forefront of satellite data delivery to commercial and government clients.
In actual deal news, Google is looking to capture more tourist dollars through a new licensing agreement with Room 77, a hotel-booking start-up company backed by Expedia (NASDAQ:EXPE), according to a letter to Room 77 shareholders which was obtained by Bloomberg News.
GOOG shares are up 2.7% to $553.26 is midday Tuesday trading. Shares trade with a 52-week price range of $527.15 – $604.83 per share. Expedia (EXPE) is up 0.6% at $68.97 per share.
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.
Microsoft (NASDAQ:MSFT) is likely to forge a partnership with chipmaker MediaTek to offer Windows-based tables in China’s white-box market, according to DigiTimes.
DigiTimes said the alliance is more probable since Microsoft announced free Windows licensing to mobile devices beneath 9-inches in size. Most brand vendors have recently opted to develop Android-based tablets, but with Microsoft’s new licensing policy Microsoft could gain some ground, DigiTimes predicted.
In late morning trade, MSFT was down 0.08% to $39.77. Analysts have a consensus price target of $37.28 on Microsoft Corporation(NASDAQ:MSFT) which indicates a 6.34% downside. The consensus rating of the stock is a HOLD with a score of 2.24. There are currently 19 Hold Ratings, 11 Buy ratings and 3 Sell ratings on the stock.
The most recent analyst action consisted of RBC Capital boosting their price target on the stock from $37 to $44.
Suggested Reading: Best Holiday Destinations