Market Overview

UPDATE: Stifel Resumes Coverage Of Google

Share:
Related GOOG
Goldman Sachs: Wal-Mart's Progress Impresses, But It's Time For A Pause
Salesforce Q3 Earnings Preview: A Cloud Success Story
The BAK Portfolio: Making Money On Cannabis And Tech (Seeking Alpha)

Earlier Wednesday, Stifel released a noted in which it resumed coverage of Google (NASDAQ: GOOG) at a Buy rating with a $700 price target.

The firm noted, "The company is primarily finding growth in lower-margin segments such as Google Play (Android) and YouTube. However, second quarter results combined with commentary from large search engine marketers highlight to us that the company continues to find a way to drive greater monetization from its high-margin search business through the introduction and improvement of ad units."

Looking ahead, Stifel is predicting that Google will post a 12 percent CAGR for revenue through 2024. However, since the growth is largely in lower margin businesses, Stifel estimates the company's gross margin will decline from 60 percent in 2013 to 54 percent in 2024.

Latest Ratings for GOOG

DateFirmActionFromTo
Oct 2017UBSMaintainsBuy
Oct 2017OppenheimerMaintainsOutperform
Jul 2017Deutsche BankMaintainsBuy

View More Analyst Ratings for GOOG
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Initiation Analyst Ratings

 

Related Articles (GOOG)

View Comments and Join the Discussion!

Partner Center