Google (GOOG) Continues to Dominate - Jefferies

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March 9, 2012 8:42 AM EST
Get Alerts GOOG Hot Sheet
Price: $343.54 -0.12%

Rating Summary:
    44 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Jefferies commented on Google (NASDAQ: GOOG) after query growth data, reiterating their Buy rating and price target of $825.

The firm comments, "Explicit query growth Y/Y for the industry for February was up ~14% Y/Y, a noticeable acceleration from January's +5.0%, which supports our view that eCommerce trends remain healthy so far in 1Q12. Query share for Google was roughly flat M/M and QTD, while Yahoo! continued to lose share to Bing."

Bottom line: is Bing outpaced Yahoo! but Google continues to dominate.

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 $607.14 yesterday.

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