The NY Post article: Googley-Eyed, offers a solid roundup of comments from stock market analysts about Google. One group of comments comes from Google "Believers" while another set of comments comes from Google "Doubters." Here are just two examples from the article.
"Google continues to be the leader in the paid search business, which is still in the early innings," said John Janedis, an analyst at Banc of America Securities, in a research note. "Importantly, management indicated that it does not anticipate a significant ramp up in marketing expense, which had been a major concern for us." Janedis' 12-month price target: $206.
"Google faces competition from a number of high-profile, well-financed companies, including Yahoo!, Microsoft and Ask Jeeves," said Derek Brown, an analyst at Pacific Growth Equities. "The competitive landscape is likely to increase rather than decrease in the future. Nobody heard of Google five years ago. Perhaps the next new, new thing is around the corner.