Google (GOOG) PT Upped to $830 at Canaccord Genuity
Canaccord Genuity raised its price target on Buy-rated Google (NASDAQ: GOOG) from $810 to $830 following solid Q4 results.
The firm comments, "Google reported solid results that were essentially in line with consensus and prompted a sigh of relief from investors nervous after a few bumpy quarters. We lower estimates very slightly on higher TAC. We believe Google stock can continue to drift higher, with the next key question being whether better pricing, PLAs, and Display can help Google Sites growth inflect upward."
2013E/2014E EPS goes to $46.03/$56.48 from $46.37/$56.50.
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 $702.87 yesterday, with a 52 week range of $556.52-$774.38.
The firm comments, "Google reported solid results that were essentially in line with consensus and prompted a sigh of relief from investors nervous after a few bumpy quarters. We lower estimates very slightly on higher TAC. We believe Google stock can continue to drift higher, with the next key question being whether better pricing, PLAs, and Display can help Google Sites growth inflect upward."
2013E/2014E EPS goes to $46.03/$56.48 from $46.37/$56.50.
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 $702.87 yesterday, with a 52 week range of $556.52-$774.38.