Google, Inc. (NASDAQ:GOOG) Considering Deploying WiFi Networks


Google, Inc. (NASDAQ:GOOG) is considering deploying WiFi networks in the areas in which it will deploy its Google Fiber service, according to Network World. In documents that the search giant is circulating in conjunction with the expansion of Google Fiber, the company writes that it will be discussing its WiFi plans with affected cities, Network World explained.

In unrelated company news, Google along with three other tech giants have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial had been scheduled to begin.

Analysts have a consensus price target of $675 on Google, Inc.(NASDAQ:GOOGL) which indicates a strong upside. The consensus rating of the stock is a BUY with a score of 2.75. There are currently 5 Hold Rating and 21 Buy ratings on the stock.

The most recent analyst action consisted of Argus reiterating their Buy rating with a $675 price target.

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