Sunday, July 03, 2005

Google stock may be at risk - analysts

"Web search leader Google Inc.'s share price has more than tripled since its August 2004 initial public offering, but some analysts say the stock may tumble if it doesn't trounce analysts' earnings expectations, as it has done in each quarter since its debut.

'Unless the numbers are very favorable, there is the potential for the stock to get hit,' said Standard & Poor's Internet equity analyst Scott Kessler.
'Expectations are getting to a point where they're excessive,' said Kessler, who rates the stock a 'hold,' with a price target of $317."

[Reuters]

No comments: