Nomura Securities Previews Q1 on Google (GOOG): Expecting A Beat; Price Target to $800
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Price: $909.18 +0.59%
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
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Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Nomura Securities maintains a 'Buy' on Google (NASDAQ: GOOG) price target raised from $750 to $800.
Analyst, Brian Nowak, said, "For Google, we are 4% ahead of the consensus non-GAAP EBIT estimate and continue to believe the Street is underestimating Google's ability to grow its most mature business and take share in emerging businesses...Search will drive 84% of GOOG’s 1Q:12 revenue, and this, plus Google’s dominant and growing share of search queries should enable it to grow its overall advertising by 24% ex FX in 1Q:12."
Nowak sees Q1 EPS of $10.39 on revs of $8.282 bln. FY12 EPS estimate lowered slightly, from $45.86 to $45.71 and FY13 from $53.91 to $53.80.
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 $630.84 yesterday, with a 52 week range of $473.02-$670.25.
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Analyst, Brian Nowak, said, "For Google, we are 4% ahead of the consensus non-GAAP EBIT estimate and continue to believe the Street is underestimating Google's ability to grow its most mature business and take share in emerging businesses...Search will drive 84% of GOOG’s 1Q:12 revenue, and this, plus Google’s dominant and growing share of search queries should enable it to grow its overall advertising by 24% ex FX in 1Q:12."
Nowak sees Q1 EPS of $10.39 on revs of $8.282 bln. FY12 EPS estimate lowered slightly, from $45.86 to $45.71 and FY13 from $53.91 to $53.80.
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 $630.84 yesterday, with a 52 week range of $473.02-$670.25.
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