Google, Inc. (GOOG) Maintains Overweight Rating
By Benzinga Staff
March 15, 2010 11:56 AM
March 15, 2010 11:56 AM
Symbols: GOOG
Analysts Jordan Rohan and A.B. Mendez at Thomas Weisel Partners have released an update on Google, Inc. (NASDAQ: GOOG). The company will hold a webcast on Monday afternoon at 3 p.m. Eastern time.
The webcast is being held by Google to educate investors and the media about its efforts in the mobile space. According to analysts, the company wants to develop a position of centrality in the mobile ecosystem to rival its enviable position in desktop research. Analysts believe that Google’s progress in mobile is significant.
Analysts at Thomas Weisel Partners continue to rate Google as Overweight, with a 12-month price target of $690 for the company’s stock.
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