Analysts: Google Not Expected to Beat Estimates and 3 More Research Notes to Read
Google (NASDAQ:GOOG): After conducting checks, Oppenheimer doesn’t believe that Google’s Enhanced Campaigns initiative is causing online ad spending to increase. The firm estimates that the company’s marketing spending rose in the third quarter and is unlikely to beat its third-quarter estimates; the analyst keeps a Perform rating on Google shares.
Michael Kors (NYSE:KORS): Morgan Stanley says second-quarter checks of Michael Kors suggest strong traffic and no incremental discounting, indicating market concerns over deceleration are likely overblown. The firm raised its second-quarter earnings per share estimate to 68 cents against a consensus of 67 cents. Michael Kors stock is Overweight rated, and the firm’s price target for the shares is $83.
Netflix (NASDAQ:NFLX): JPMorgan expects Netflix to report strong U.S. streaming net subscriber additions in the third quarter, with subscriber momentum continuing into the fourth quarter and 2014; the firm raised its price target for Netflix shares to $340 from $290 and keeps an Overweight rating on the stock.
Yelp (NYSE:YELP): JPMorgan expects Yelp to report solid third-quarter results at or above the high end of guidance; the firm raised its price target Yelp shares to $75 from $52 and keeps an Overweight rating on the stock.