Jefferies Says "We'd Be Buyers" Of Google (GOOG) on Q4 Dip
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Price: $343.54 -0.12%
Rating Summary:
44 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
44 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies lowered its price target on Google (NASDAQ: GOOG) from $850 to $825 following Q4 results, but reiterated their Buy rating.
The firm comments, "On the face of it, Google came up short of 4Q consensus estimates, but a closer look shows that FX was the main culprit. We believe that the 9% stock price decline post close is an over-reaction to actually a decent quarter, buried under a lot of noise. We'd be buyers on the dip."
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 $639.57 yesterday.
The firm comments, "On the face of it, Google came up short of 4Q consensus estimates, but a closer look shows that FX was the main culprit. We believe that the 9% stock price decline post close is an over-reaction to actually a decent quarter, buried under a lot of noise. We'd be buyers on the dip."
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 $639.57 yesterday.
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