Why Google Could Be In 'Danger Of Taking A Major Leg Down'

Stifel analyst Scott Devitt downgraded Google Inc. GOOG on Thursday, arguing that the "best days" for shares may be behind it.

Marketfy Mavens Gary Anderson and Christian Tharp commented on the stock and the downgrade.

"In addition to the Stifel downgrade, Google has had issues launching ‘Glass,’ the smart glasses project that hasn't really gotten off the ground," Anderson told Benzinga. "Intel Corporation seems to be taking up the slack left by Google, after buying 1/3 of Vuzix Corporation (VUZI) with plans for a joint venture in smart glass."

"Don't be surprised if Vuzix becomes the recognized name in smart glasses soon," Anderson added.

Tharp commented on the stock and its future. He told Benzinga that "Google looks to be in severe danger of taking a major leg down. The $500 mark is a key level to the stock that dates back to 2013. Google sent the first shot across the bow last month, and that shot now appears to have been a sign of things to come."

Shares traded recently at $501.37.

Related Link: Nomura: How Losing Apple Could Hurt Google

A Bull Left?

Evercore Partners on Thursday reiterated a Buy rating for Google, but lowered the price target from $725.00 to $675.00.

JP Morgan on December 16 issued an Overweight rating, accompanied by a $600 price target.