Janco Partners Initiates Coverage on Google (GOOG) with a Buy; Financial Discipline Is Now a Strength

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Janco Partners initiates coverage on Google (Nasdaq: GOOG) with a Buy rating and $650 price target.

Janco analyst says, "Based on Google’s competitive strength, there is upside potential to our current 2010 adjusted EPS growth estimate of 14%, if macroeconomic conditions improve next year and Google regains pricing leverage in the market. Our $650 price target is also based on a 3% terminal growth rate and 8.5% WACC in a DCF sensitivity analysis...Search More Resilient Than Other Advertising...Display Advertising Is Next Conquest...Mobile Ad and App Potential...Financial Discipline Is Now a Strength...Microsoft (Nasdaq: MSFT) and Yahoo! (Nasdaq: YHOO) Together Doesn’t Change the Landscape."

To see more analyst ratings on GOOG Click Here.

Google Inc., a technology company, maintains index of Websites and other online content for users, advertisers, Google network members, and other content providers.

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