GOOG upgraded, reports this THURS:

Discussion in 'Stocks' started by capmac, Oct 18, 2005.

  1. capmac


    GOOG Google upgraded to Buy at Stanford; tgt upped to $360 (305.00 )

    Stanford upgrades GOOG to Buy from Hold and raises their tgt to $360 from $310, due to sustained gains in operating efficiencies and mkt share. They note that during the September qtr, the co maintained a 20% monetization rate on U.S. search ads, up from 17% earlier in the year, and believe this strength in operating efficiency should more than offset seasonally slow search volumes. In the U.S., they believe that the co has grown its share of the search mkt to over 37% from 35% earlier this year. As a result of the increased monetization rate and mkt share, firm raises their ests for the Sept qtr, which the co will report Thursday after the close.