Oppenheimer Lifted Target on Google (GOOG) to $800 ahead of Q3
Tweet Send to a Friend
Get Alerts GOOG Hot Sheet
Price: $889.42 --0%
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 15 | New: 29
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 15 | New: 29
Trade GOOG Now!
Oppenheimer lifted its price target on Outperform-rated Google (NASDAQ: GOOG) from $752 to $800 ahead of third quarter results on 10/18.
Analyst Jason Helfstein expects Google to report results slightly above consensus.
"Our estimates call for US core revenues to slow 200 bps vs. 2Q on a slightly harder comp, with Int'l revenues slowing 400 bps. Our net revenue estimate is 4% above the Street," he comments. "While we have been critical of third-party data in the past, a larger sample size is supportive of strong results. CPC pricing appears to be improving, with total spending accelerating. Mobile probably had a -200 bps y/y impact compared to 2Q."
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 $744.75 yesterday, with a 52 week range of $548.02-$774.38.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst Jason Helfstein expects Google to report results slightly above consensus.
"Our estimates call for US core revenues to slow 200 bps vs. 2Q on a slightly harder comp, with Int'l revenues slowing 400 bps. Our net revenue estimate is 4% above the Street," he comments. "While we have been critical of third-party data in the past, a larger sample size is supportive of strong results. CPC pricing appears to be improving, with total spending accelerating. Mobile probably had a -200 bps y/y impact compared to 2Q."
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 $744.75 yesterday, with a 52 week range of $548.02-$774.38.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- The ExOne Company (XONE) Metal Opportunity to Keep Stock Going - FBR
- Deutsche Bank Raises PT on NetApp (NTAP) to $48
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT Change
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
