Deutsche Bank Reiterates a 'Buy' on Google (GOOG); Raising Numbers Ahead of Strong Holiday Season

July 20, 2012 1:33 PM EDT
Get Alerts GOOG Hot Sheet
Price: $807.88 --0%

Rating Summary:
    53 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade GOOG Now!
Join SI Premium – FREE
Deutsche Bank reiterates a 'Buy' on Google (NASDAQ: GOOG) price target of $686.00 (from $662.00).

Deutsche analyst said, "We see strong 2Q core Google results as a bullish preview for 2H and reiterate our rating ahead of the holiday season...We expect shares to move higher into stronger 2H ad environment, particularly with mobile CPCs rising and upcoming shopping seasons likely to drive increased comparison shopping from retail using mobile search."

The firm raises Google net revenue growth for 2012 from +18.8% to +20.1%. FY12 EPS estimate raised from $41.61 to $41.67, but lowers FY13 from $47.28 to $46.77.

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 $593.06 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

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

Related Entities

Deutsche Bank

Add Your Comment