Pre-Earnings Analysis on Google (GOOG)

Buy Google Right here, Right now!

Google has:

Mobile

Video

Blogs

Finance

Books

Patents

Product Search

Docs

and oh ya, they have a pretty good search engine too.

Mr. Stock Picks Price Target, $750

To our readers we have indicated a buy for Google at $535/shr

Benchmark analysis

“Analysts at Benchmark maintain their "buy" rating on Google (NASDAQ: GOOG). The target price for GOOG is set to $700.

According to Benchmark, Google is expected to achieve 21% revenue growth on a y/y basis. 

Benchmark mentions that “Channel checks on YouTube are positive.

Primarily YouTube, generate about 40% of all domestic online video views.

“While Apple and Google are increasingly competing in mobile, we believe Google is well-positioned with a strong brand, proven digital ad solutions and a huge base of satisfied advertisers,Benchmark adds.”

Earnings excluding items of $6.56 a share for the period ended in March, and $4.93 billion in net revenue are expected to be reported by the firm, that compares to earnings excluding items of $5.16 a share, and $4.1 billion in net revenue in the same period last year.

"New formats recently deployed by Google include images -- a departure from the company's traditional, text-based advertisements. These formats were rolled out during first quarter and may see much success and are a good indication on how Google will proceed with these in the future.

Thomas Weisel Partners analyst Jordan Rohan told clients in a research note that Google should report a "solid" first quarter, thanks in part to the deployment of additional paid advertisements in search results. In addition, Rohan wrote that demand for paid search keywords in the travel and financial industries "has returned to normal seasonal levels" following a decline."

Schachter has a $650 price target for Google shares.

Google preformed terribly after Q4 results and the China issue, but I think this thing is due for a turn around. Right here, Right now! BUY!BUY!BUY!  

I will further cover Google as I am putting an analysis together dealing with:

Can Google be the new era Berkshire Hathaway?
$100,000 + per share?

Investors need to check up for that one!

Earnings season coming up with Alcoa today should be interesting.

Mr. Stock Pick