Kaufman Bros. Maintains Buy Rating On Google Inc. (GOOG)

Analysts Aaron Kessler and Andrew Connor at Kaufman Bros. have released an update on Google Inc. (NASDAQ: GOOG). The company will report its first-quarter results on Thursday.

Analysts expect the company to report a modest upside to their revenue estimate of $5 billion and pro forma EPS of $6.82. Channel checks conducted by analysts suggest that search strength continues to be driven by e-commerce. Analysts believe the company’s decision to shut down its Chinese search engine has already been priced into the shares.

Analysts at Kaufman Bros. have maintained their Buy rating and $740 price target for Google Inc.