Android app on Google Play

Cantor Fitzgerald Boosts Google (GOOG) PT to $900

January 23, 2013 6:54 AM EST Send to a Friend
Get Alerts GOOG Hot Sheet
Price: $576.70 +0.89%

Rating Summary:
    44 Buy, 13 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 14 | New: 52
Trade GOOG Now!
Join SI Premium – FREE
Cantor Fitzgerald raised its price target on Buy-rated Google (NASDAQ: GOOG) from $820 to $900 following Q4 results.

The firm comments, "4Q results, while noisy, highlight very healthy performances in both Search and Display, confirming Google's position as one of the best global plays on secular growth in online advertising and e-commerce. Motorola remains a show-me story, but one that seems on track for a turnaround, with only modest expectations. We remain positive on GOOG, trading at 8.9x EV/EBITDA and 16.5x P/E on our FY:13 estimates, a level we find compelling, given EBITDA CAGR of ~15% over the next three years, by our estimates."

FY:13 Revenue/EBITDA/NEPS go to $46.4B/$21.6B/$42.63, from $49.3B/$21.3B/ $42.43, respectively.

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 $702.87 yesterday.




You May Also Be Interested In


Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Cantor Fitzgerald

Add Your Comment