Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Google

Share:
Related GOOG
Amazon-Salesforce Deal Could Top $50 Billion In Investments (If Cloud Continues Its Rise)
What's Driving TV Ad Spending Strength?
PayPal: Leading A Growing Market (Seeking Alpha)

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

DateFirmActionFromTo
Apr 2016Deutsche BankMaintainsBuy
Feb 2016Deutsche BankMaintainsBuy
Feb 2016JefferiesMaintainsBuy

View More Analyst Ratings for GOOG
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (GOOG)

View Comments and Join the Discussion!