Piper Jaffray expects Q1 Upside for Google

As Motorola MMI questions begin to reappear as the integration of the two companies near, Piper Jaffray has a strong belief that Google GOOG will beat Street estimates of $8.13 billion in revenue and $9.64 in PF EPS. Piper Jaffray stated this morning, “While we believe CPCs will continue to be down y/y, we expect slight upside to Street expectations based on strength in paid clicks driven by mobile, emerging markets, and new products.” Piper Jaffray maintains its Overweight rating and $675 PT on Google, which closed yesterday at $626.86.
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Posted In: Analyst ColorReiterationAnalyst RatingsPiper Jaffray
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