Market Overview

UPDATE: Sterne Agee Initiates Google at Neutral on Valuation, Mobile Monetization Concerns

Share:
Related GOOG
Why Didn't Google+ Make It As A Social Network?
Twitter Earnings Preview: Analysts Mixed, Still Focused On MAU Adds
InsiderInsights.com Daily Round Up 7/28/15: Horsehead Holding, Saga Communications, Unifi, Global Power Equipment (Seeking Alpha)

Sterne Agee initiated coverage on Google (NASDAQ: GOOG) with a Neutral rating.

Sterne Agee noted, "In our view, GOOG is the undispuited leader in internet search, advertising, and cloud services and an emerging player in hardware. With Android, the company is clearly building a very large base of mobile users but like many of its technology peers, the big question is whether it can monetize in a big way, which only AAPL and Samsung (so far) have been able to do. Our key concern is that this mobile transition may be tougher and take longer than consensus thinking."

Google closed at $770.17 on Wednesday.

Latest Ratings for GOOG

DateFirmActionFromTo
Jul 2015Credit SuisseMaintainsOutperform
Jul 2015B. RileyMaintainsBuy
Jun 2015Mizuho SecuritiesInitiates Coverage onNeutral

View More Analyst Ratings for GOOG
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Initiation Analyst Ratings

 

Related Articles (GOOG)

Get Benzinga's Newsletters