Jefferies Assumes Coverage on Google (GOOG) at Buy; Positioned For The Long-Term
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Price: $157.95 -1.96%
Rating Summary:
41 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
41 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Jefferies assumes coverage on Google (NASDAQ: GOOG) with a Buy. PT $850.00.
Jefferies analyst said, "We assume coverage of our top large-cap pick GOOG with a Buy and $850 price target, offering 24% upside against current levels. Core search remains healthy but growth is now increasingly driven by emerging mobile, display, and online video businesses, which are big and growing fast enough to move the needle. We think GOOG is attractively priced for a stock with such a compelling growth story."
FY12 EPS estimate raised from $42.94 to $43.02 and FY13 from $48.42 to $49.59.
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 $681.04 yesterday.
Jefferies analyst said, "We assume coverage of our top large-cap pick GOOG with a Buy and $850 price target, offering 24% upside against current levels. Core search remains healthy but growth is now increasingly driven by emerging mobile, display, and online video businesses, which are big and growing fast enough to move the needle. We think GOOG is attractively priced for a stock with such a compelling growth story."
FY12 EPS estimate raised from $42.94 to $43.02 and FY13 from $48.42 to $49.59.
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 $681.04 yesterday.
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