Benchmark Maintains a 'Hold' on Google (GOOG); PT to $650 After In-Line Operating Results
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Price: $904.88 +0.47%
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
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Benchmark maintains a 'Hold' on Google (NASDAQ: GOOG) price target raised from $625 to $650.
Analyst, Clayton F. Moran, said, "Last night, Google reported 1Q12 operating results that were in-line with estimates. Net revenue grew 24% y/y while the EBITDA margin was down moderately y/y and sequentially. Adjusted EPS beat due to non-operating items like capital gains and lower taxes. We tweak our 2012E EPS from $42.60 to $43.00 and raise our price target."
"Mobile is increasingly an area of concern. Google has roughly 90% share of mobile search, but this revenue must be shared with OEM handset manufacturers and carriers. While Android is a formidable competitor to the iPhone, the lack of quality Android tablets to compete with the iPad is a looming issue."
For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.
Shares of Google closed at $651.01 yesterday, with a 52 week range of $473.02-$670.25.
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Analyst, Clayton F. Moran, said, "Last night, Google reported 1Q12 operating results that were in-line with estimates. Net revenue grew 24% y/y while the EBITDA margin was down moderately y/y and sequentially. Adjusted EPS beat due to non-operating items like capital gains and lower taxes. We tweak our 2012E EPS from $42.60 to $43.00 and raise our price target."
"Mobile is increasingly an area of concern. Google has roughly 90% share of mobile search, but this revenue must be shared with OEM handset manufacturers and carriers. While Android is a formidable competitor to the iPhone, the lack of quality Android tablets to compete with the iPad is a looming issue."
For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.
Shares of Google closed at $651.01 yesterday, with a 52 week range of $473.02-$670.25.
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