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Tuesday, Jul 9
Google (GOOG) roundup: 1) Deutsche's Ross Sandler is raising his PT to $1,010 from $930, but is...
Google (GOOG) roundup: 1) Deutsche's Ross Sandler is raising his PT to $1,010 from $930, but is only forecasting an in-line Q2 (results arrive on July 18). Though Sandler's checks point to solid ad sales growth, he doesn't think Enhanced Campaigns (integrated PC/mobile search campaigns) had a big impact (JPMorgan is more optimistic). 2) In a note bringing to mind some of his pie-in-the-sky Apple forecasts, Gene Munster thinks self-driving car tech could become a $200B/year market. 3) Aaron Harris points out the amount of screen space Google gives to "organic" search results relative to ads and Google content continues to diminish, and is especially tiny on mobile. Companies very dependent on Google traffic, such as YELP and DMD, could be in the crosshairs.