UPDATE: UBS Starts Google (GOOG) at Buy, Calls Stock Top Large-Cap Pick

April 2, 2013 6:57 AM EDT
Get Alerts GOOG Hot Sheet
Price: $805.02 +0.35%

Rating Summary:
    53 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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(Updated - April 2, 2013 1:07 PM EDT)

UBS initiated coverage on Google (NASDAQ: GOOG) with a Buy rating and a price target of $945.00. Analysts called the stock its top large-cap pick, citing reasonable valuation, its leading internet position, and excellent management.

"We consider Google to be best positioned for long-term secular growth based on the UBS Internet Prism. Strengths include mobile/local/personalized services & a history of innovation/ disruption. We believe Google’s current investments in 10x opportunities provide call-option-like return potential. Risks include low margin visibility due to investments, weak prospects for shareholder returns and regulatory concerns," said UBS.

For an analyst ratings summary and ratings history on Google (NASDAQ: GOOG) click here. For more ratings news on Google click here.

Shares of Google closed at $801.19 yesterday.

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