Hudson Square Research has a buy rating on Google,with a price target of 750 dollars.Google has a very strong core business,says Rory Maher of Hudson Square-plus mobile and display assets.They have a lot of cash to buy fast-growing Inet companies.
Mobile search is starting to boost Google's sales.Hudson Square is excited about Google's Android operating system.They think it's gonna gain a majority share in mobile search.
Yahoo also has a buy rating.Hudson Square is pretty bullish on Inet media overall.Yahoo owns a bunch of ecommerce companies in China that are about to be profitable.Hudson Square is also pretty excited about Yahoo as a stand-alone company,and is pretty confident in the shift of traditional ad dollars to online,which will benefit both Google and Yahoo.
The biggest risk for both is Facebook stealing ad dollars.All will benefit from the shift to online;it's a question of who steals ad dollars from within the sector,Rory Maher believes.
Hudson Square Research is an institutional equity research boutique focused on the tech,media,telecom and consumer sectors.They provide institutional investors with fundamnetal equity research to assess valuation,risk and opportunity.
Google(GOOG),Yahoo(YHOO)
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