Deutsche Bank Maintains a 'Buy' on Google (GOOG); Raises PT and Estimates
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Price: $906.97 --0%
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Trade GOOG Now!
Deutsche Bank maintains a 'Buy' on Google (NASDAQ: GOOG) price target from $649 to $680.
Deutsche analyst said, "Google reported solid 1Q revs & operating profit, showing welcome opex discipline. While we believe the shares may be range bound ahead of a difficult FX comp in 2Q and 3Q and the MMI integration, we see meaningful upside potential in 4Q driven by improving mobile CPCs in the holiday shopping season as well as ongoing market share gains in mobile and display."
"EPS estimate now stands at $42.20, up from $40.55, of which ~$0.80 is attributable to a lower tax rate assumption. For 2013, we estimate $47.82 in EPS, up from $46.42 previously, on 17% net revenue growth."
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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Deutsche analyst said, "Google reported solid 1Q revs & operating profit, showing welcome opex discipline. While we believe the shares may be range bound ahead of a difficult FX comp in 2Q and 3Q and the MMI integration, we see meaningful upside potential in 4Q driven by improving mobile CPCs in the holiday shopping season as well as ongoing market share gains in mobile and display."
"EPS estimate now stands at $42.20, up from $40.55, of which ~$0.80 is attributable to a lower tax rate assumption. For 2013, we estimate $47.82 in EPS, up from $46.42 previously, on 17% net revenue growth."
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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