Cantor Maintains Buy On Google Shares, $620 PT
In a research report issued today, Cantor analyst Youssef Squali maintained a Buy rating on Google (NASDAQ:GOOGL) with a price target of $620.00.
Squali said, “We’re maintaining a BUY rating but tweaking our estimates and lowering our PT to $620 from $650 following mixed 3Q:14 results. While revenues were roughly in-line, higher operating expenses and elevated Capex pressured margins and EPS. As the largest recipient of online ad dollars, Google continues to grow faster than the industry and gain share, making it one of the best plays on global online ad growth. Given its attractive valuation and growth prospects,”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Youssef Squali has a total average return of 27.4% and a 61.0% success rate. Squali has a 26.9% average return when recommending GOOGL, and is ranked #6 out of 3336 analysts.