Market Overview

Global Equities Research Maintains Overweight, $700 PT on Google


Global Equities Research reiterates its Overweight rating and $700 price target on Google (NASDAQ: GOOG) as it sees company's positives outweigh negatives and long-term fundamentals are strong.

Global Equities Research comments, "Positives: “Panda, Instant Preview and Place” is helping Google gain both Search query market share as well as Search monetization share; “YouTube revenues are probably up 7% to 19% sequentially. Negatives: Google Wallet Vision is right, market is Larger than the advertising-search market, however, implementation is flawed – Some Handset OEM's and Carriers have started to shun Google Wallet. Opinion: Positives outweigh the negatives. Raising FY 2012 non-TAC Revenue Estimate from $37.6 Billion to $38.4 Billion."

GOOG closed at $622.46 per share on Monday.


Related Articles (GOOG)

View Comments and Join the Discussion!

Posted-In: Global Equity ResearchPre-Market Outlook Markets Analyst Ratings

Latest Ratings

PMTB of A SecuritiesMaintains18.5
IVRB of A SecuritiesMaintains3.0
EFCB of A SecuritiesMaintains15.5
NYMTB of A SecuritiesMaintains3.5
NLYB of A SecuritiesMaintains8.5
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at