William Blair Maintains Outperform On William Blair Shares
In a research report issued today, William Blair analyst Ralph Schackart maintained an Outperform rating on William Blair (GOOG). No price target was provided.
Schackart said, “We continue to believe Google shares should outperform the market, as the company is positioned to capture a disproportionate amount of transitioning mobile advertising dollars. We also believe brand advertising via digital video may inflect in the next couple of years, allowing YouTube to address the $70 billion U.S. television advertising market. At $525, Google trades at 20.2 times our 2014 adjusted EPS estimate and 17.0 times our 2015 adjusted EPS estimate. On an EV/EBITDA basis, shares trade at 11.7 times our 2014 estimates and 9.7 times our 2015 estimates.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Ralph Schackart has a total average return of 15.6% and a 60.7% success rate. Schackart is ranked #317 out of 3336 analysts.