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Sterne Agee Starts Google (GOOG) at Neutral; Concerns on mobile Monetization and Valuation

February 7, 2013 7:07 AM EST Send to a Friend
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Sterne Agee initiates coverage on Google (NASDAQ: GOOG) with a Neutral citing concerns about mobile monetization and valuation.

Analyst Shaw Wu comments: "In our view, GOOG is the undisputed leader in internet search, advertising, and cloud services and an emerging player in hardware. With Android, the company is clearly building a very large base of mobile users but like many of its technology peers, the big question is whether it can monetize in a big way, which only AAPL and Samsung (so far) have been able to do. Our key concern is that this mobile transition may be tougher and take longer than consensus thinking."

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 $770.17 yesterday.




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