Nomura Securities Maintains a 'Buy' on Google (GOOG); Cutting Estimates After Q2 Review
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Price: $161.10 --0%
Rating Summary:
41 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
Rating Summary:
41 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
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Nomura Securities maintains a 'Buy' on Google (NASDAQ: GOOG) price target of $750.00.
Analyst, Brian Nowak, said, "Google provided investors with its own 2Q:12 European “easing,” reporting solid core (ex MMI) results and over-coming concerns of European macro weakness impacting their current advertising growth. U.K. and Rest of World constant-currency growth (23% and 29%, respectively) both came in ahead of our estimates.CPC and paid-click growth continued their de-coupling as CPC again decelerated (-16% vs. us at -15%) and paid click growth accelerated (+42%, beating our +39%). We look forward to 2H:12 results as CPC compares become more normalized. 2012E/2013E EPS from $45.35/$53.13 to $43.34/$49.77."
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 $593.06 yesterday.
Analyst, Brian Nowak, said, "Google provided investors with its own 2Q:12 European “easing,” reporting solid core (ex MMI) results and over-coming concerns of European macro weakness impacting their current advertising growth. U.K. and Rest of World constant-currency growth (23% and 29%, respectively) both came in ahead of our estimates.CPC and paid-click growth continued their de-coupling as CPC again decelerated (-16% vs. us at -15%) and paid click growth accelerated (+42%, beating our +39%). We look forward to 2H:12 results as CPC compares become more normalized. 2012E/2013E EPS from $45.35/$53.13 to $43.34/$49.77."
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 $593.06 yesterday.
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