Nomura Securities Starts Google (GOOG) at Buy; Good Being King
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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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Nomura Securities initiates coverage on Google (NASDAQ: GOOG) with a Buy. PT $750.00.
Analyst, Brian Nowak, said, "Google is an impressive share-gaining story that we think will grow from 6% of the global advertising market to 11% over the next five years. Its growing share of users, clicks and queries and focus on search should enable it to reach a nearly 80% global market share, or $66bn in total search revenue, by 2016. The biggest threat to Google is a strong social network offering an effective search product. To date, that threat hasn’t arrived, and our analysis indicates that search and social can coexist. We are ahead of Street estimates with 2012E / 2013E EPS $45.86/ $53.91 vs. Street at $42.18 / $49.79."
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 $614.25 yesterday.
Analyst, Brian Nowak, said, "Google is an impressive share-gaining story that we think will grow from 6% of the global advertising market to 11% over the next five years. Its growing share of users, clicks and queries and focus on search should enable it to reach a nearly 80% global market share, or $66bn in total search revenue, by 2016. The biggest threat to Google is a strong social network offering an effective search product. To date, that threat hasn’t arrived, and our analysis indicates that search and social can coexist. We are ahead of Street estimates with 2012E / 2013E EPS $45.86/ $53.91 vs. Street at $42.18 / $49.79."
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 $614.25 yesterday.
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