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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Google

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In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Google (NASDAQ: GOOG), and raised its price target from $850.00 to $875.00.

Jefferies noted, “We reiterate our Buy as GOOG posted solid 4Q results, and remains best positioned against significant opportunities in mobile (Android, AdMob), online video (YouTube), commerce, and display. For the quarter, gross rev increased +36% Y/Y to $14.4B with numerous positive data points across Google's standalone business. Motorola was again the soft spot, but we are encouraged by management's active role in turning that business around.”

Google closed on Tuesday at $702.87.

Latest Ratings for GOOG

DateFirmActionFromTo
Jan 2017Pacific CrestReinstatesOverweight
Jul 2016JP MorganMaintainsOverweight
Apr 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for GOOG
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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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