Needham & Company on Google's (GOOG) I/O Conference: Not As Enthusiastic As Most

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Needham & Company maintains a 'Buy' on Google (NASDAQ: GOOG) price target of $750.00.

Analyst, Kerry Rice, said, "While the Nexus 7 tablet stacks up favorably against Amazon’s Kindle Fire (Nasdaq: AMZN), we believe it’s not revolutionary enough to gain significant tablet market share...Google launches the Nexus Q streaming media device, but limited content and high price could limit adoption, in our opinion...While Google highlighted its new Android mobile OS (Jelly Bean), we believe the more important takeaway was the continued strong demand for Android devices."

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 $569.30 yesterday, with a 52 week range of $480.60-$670.25.

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