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UPDATE: BMO Capital Markets Reiterates Outperform Rating, Lowers PT on Google

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In a report published Wednesday, BMO Capital Markets reiterated its Outperform rating on Google (NASDAQ: GOOG), but lowered its price target from $800.00 to $790.00.

BMO Capital Markets noted, “4Q12 non-GAAP EPS of $10.65 compared with our $11.28 and the Street's $10.61. Gross revenue of $14.42B excluded Motorola Home; otherwise it would have been $15.24B, which compared to our $15.77B. Year-over-year paid click growth was +24% vs. our +30% and the Street's +28%. Cost-per-click declined 6% compared with our 10% decline and the Street's -7.5%.”

Google closed on Tuesday at $702.87.

Latest Ratings for GOOG

DateFirmActionFromTo
Feb 2018PiperJaffrayMaintainsOverweightOverweight
Oct 2017UBSMaintainsBuy
Oct 2017OppenheimerMaintainsOutperform

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Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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