UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Google
In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Google (NASDAQ: GOOG), and raised its price target from $850.00 to $875.00.
Jefferies noted, “We reiterate our Buy as GOOG posted solid 4Q results, and remains best positioned against significant opportunities in mobile (Android, AdMob), online video (YouTube), commerce, and display. For the quarter, gross rev increased +36% Y/Y to $14.4B with numerous positive data points across Google's standalone business. Motorola was again the soft spot, but we are encouraged by management's active role in turning that business around.”
Google closed on Tuesday at $702.87.
Latest Ratings for GOOG
|Jul 2016||JP Morgan||Maintains||Overweight|
|Apr 2016||Deutsche Bank||Maintains||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.