| Forecast on Google Shares: "Notably Risky" |
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Scott Kessler, an analyst from Standard & Poor’s Equity Research, has maintained a hold rating on search engine giant Google and raised the company’s target price. However, the lowered 2006 earnings estimate will be seen after the accounting for the projected stock options expense.
Kessler and other analysts estimate that Google’s 2006 P/E as comparable to peers and its P/E-to-growth multiple at 28 percent below peers, have factored into their target price. According to Kessler, he thinks that the Google stock has notable risks, due to recent significant appreciation, its lack of revenue diversification on online research and Google’s competition in the industry. By Paulene Calinawan Jump2Top.Com Search Engine Optimization Company |
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