Revising Our Price Target for Google Down
by Mr JugglesLong or Short Capital Research LLC is revising its price target for GOOG down from “Infinity” to “Infinity-1.” Our new price target of “Infinity-1” reflects a deceleration of the growth in online CPC advertising, the saturation of search engine advertising and increased traction of the idea that Eric Schmidt had the easiest path to billionaire status in history. Google’s stock should now be seen as a “Key Long Term Holding” rather than a “Core Long Term Holding.”