Canaccord Genuity Starts Google (GOOG) at Buy; Robust Growth, Compelling Valuation
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Price: $900.68 +0.01%
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
Trade GOOG Now!
Canaccord Genuity initiates coverage on Google (NASDAQ: GOOG) with a Buy. PT $725.00.
Canaccord analyst, Michael Graham, said, "Google STILL offers stable exposure to the most durable trends in tech: Internet usage, online advertising and commerce, smart phone penetration, mobile commerce, and social networking. We expect strong growth and profitability, and believe this will warrant a stable or higher multiple, especially if mobile monetization improves."
"We believe Display will be strong, helped by YouTube’s “Channels” redesign. This, combined with potential upside from Google+, should help Display against the threat of Facebook’s IPO funding."
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 $623.77 yesterday, with a 52 week range of $473.02-$642.96.
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Canaccord analyst, Michael Graham, said, "Google STILL offers stable exposure to the most durable trends in tech: Internet usage, online advertising and commerce, smart phone penetration, mobile commerce, and social networking. We expect strong growth and profitability, and believe this will warrant a stable or higher multiple, especially if mobile monetization improves."
"We believe Display will be strong, helped by YouTube’s “Channels” redesign. This, combined with potential upside from Google+, should help Display against the threat of Facebook’s IPO funding."
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 $623.77 yesterday, with a 52 week range of $473.02-$642.96.
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