Deutsche Bank Transferred Coverage on Google (GOOG), Maintained Buy Rating
Tweet Send to a FriendGet Alerts GOOG Hot Sheet
Price: $872.85 -1.13%
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade GOOG Now!
Deutsche Bank transferred coverage on Google (NASDAQ: GOOG) and maintained Buy and $890.00 price target.
Search is still in secular growth mode worldwide with little deceleration showing, noted the report.
“Out bullish thesis is based on: 1) Google’s revenue growth is likely to hold up over the next few years as core international search markets continue to grow at rapid pace and prop up modest deceleration in developed markets, 2) new revenue streams from display, YouTube, mobile and other areas are becoming more meaningful and should support growth, 3) EBITDA margins appear to have stabilized at core Google, and 4) at 12x 2013 EPS ex-cash, the valuation is one of the most compelling in the space, especially considering the growth profile,” said analysts Ross Sandler.
Analyst said they would initiate or add to positions at current levels.
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 $728.12 yesterday, with a 52 week range of $480.60-$731.38.
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
Search is still in secular growth mode worldwide with little deceleration showing, noted the report.
“Out bullish thesis is based on: 1) Google’s revenue growth is likely to hold up over the next few years as core international search markets continue to grow at rapid pace and prop up modest deceleration in developed markets, 2) new revenue streams from display, YouTube, mobile and other areas are becoming more meaningful and should support growth, 3) EBITDA margins appear to have stabilized at core Google, and 4) at 12x 2013 EPS ex-cash, the valuation is one of the most compelling in the space, especially considering the growth profile,” said analysts Ross Sandler.
Analyst said they would initiate or add to positions at current levels.
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 $728.12 yesterday, with a 52 week range of $480.60-$731.38.
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
- Dollar Tree (DLTR) Beats But Looks Stretched - Jefferies
- Topeka Capital Starts Diodes (DIOD) at Buy
- Janney Capital Trims Numbers on Buckle (BKE), Margins Peaking
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, New CoverageRelated Entities
Deutsche Bank
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!
