Analysts: Google Will Maintain Strong Search Spend Growth and 3 More Research Notes to Explore
Google (NASDAQ:GOOG): Raymond James says that Google’s second-quarter search spend growth remained strong and expects it to continue into the second half of 2013, given higher mobile revenue from its new Enhanced Campaigns product and Product Listing Ads adoption. Shares are Outperform rated, with a price target raised to $1030 from $875.
Rackspace (NYSE:RAX): Following the price cuts at Amazon Web Services, JMP Securities believes that Rackspace can effectively differentiate its offerings with high service levels and hybrid solutions. The firm expects Rackspace’s earnings per share to beat expectations in 2013 and 2014, and it keeps a $67 price target and Outperform rating on the stock.
Aeropostale (NYSE:ARO): Goldman Sachs believes Aeropostale may have gone too far in its shift toward more fashion products and away from core “basics,” as opening price points on key items look high and the firm believes the company will have difficulty against formidable fast-fashion competition. The firm sees risk of a 40 percent 2014 earnings shortfall and reiterates its Sell rating and $8 price target.
Dick’s Sporting Goods (NYSE:DKS): Sterne Agee believes that recent concerns over the company’s promotions are unfounded, as the firm reports that the company’s current clearance activity is not unusual for July. The firm keeps a $58 price target and Buy rating on the stock.