Summary of the Article
With a majority of desktop search market share and a substantial share of mobile advertising (along with deep pockets), it’s going to be difficult to …
This article originally appeared on Fool.com
WASHINGTON, DC — Search giant Google (NASDAQ: GOOG.US) (NASDAQ: GOOGL.US) saw its Class A shares (GOOGL) rise $3.77, or 0.7%, in Tuesday’s trading session, to close at $578.79, following a price-target increase from UBS.
According to Eric Sheridan, the covering analyst at UBS who kept his firm’s “buy” rating on Google’s Class A shares but upped its price target from $630 to $670, investors are seriously underestimating Google’s sustainable desktop and mobile business model and its potential to return significant capital to shareholders in the future.
first published: 2015-03-04 09:22:30