Benchmark Maintains a 'Hold' on Google (GOOG); PT to $650 After In-Line Operating Results
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Price: $159.92 +1.25%
Rating Summary:
41 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
41 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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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.
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.
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