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Goldman Sachs Reiterates Neutral Rating on Google Ahead of 2Q13 Results

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In a report published Thursday, Goldman Sachs analyst Heather Bellini reiterated a Neutral rating and $965.00 price target on Google (NASDAQ: GOOG).

In the report, Goldman Sachs noted, “Google will report 2Q13 results July 18th. We are modeling consolidated revenue and non-GAAP EPS of $14.35bn and $10.36, versus consensus of $14.45bn and $10.79. We are forecasting Google stand alone revenue of $13.32bn (+2% qoq and +16% yoy), in line with consensus. For Motorola, we are modeling $1.03bn versus consensus of $1.06bn. We are forecasting non-GAAP operating margins of 29.7% versus consensus of 30.0%.”

Google closed on Wednesday at $905.99.

Latest Ratings for GOOG

DateFirmActionFromTo
Mar 2020JP MorganMaintainsOverweight
Feb 2020CFRAMaintainsStrong Buy
Feb 2020Deutsche BankMaintainsBuy

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Posted-In: Goldman Sachs Heather BelliniAnalyst Color Reiteration Analyst Ratings

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StockFirmActionPT
RIGRF LaffertyMaintains5.0
NOVRF LaffertyMaintains13.0
WSCDA DavidsonMaintains19.0
ITTDA DavidsonReiterates70.0
NOWGoldman SachsMaintains376.0
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