Google - GOOG
"We believe GOOG has several years of exceptional growth ahead," wrote American Technology Research analyst Rob Sanderson in a recent research note. "Controversy has shaken marginal investors and a few sell-side bulls. We think this is creating a great buying opportunity and we encourage accumulation of the stock."
Some are now saying this could be the right time to get back in. "We think the bottom's already happened," says Jeffrey Lindsay, an analyst for Sanford C. Bernstein, who rates Google as outperform, with a price target of $750.
I agree with Jeffrey Lindsay here. He is right now.
Despite the fourth-quarter miss, the company still posted a 17% climb in profit and generated more than $1 billion in free cash flow. The company's search engine also continues to command an enviable lead over its rivals, capturing 60% of the market share.
$ 1 Billion in free cash flow. WOW. Again this stock is really ready to run now.
Jason Berkes
www.jasonberkes.com
Labels: goog, Google, Jason Berkes