From Profit Confidential January 23, 2013 - 10:23am
In my view, Google Inc. (NASDAQ/GOOG) is tops in the Internet space, and a better play than Facebook, Inc. (NASDAQ/FB) and Yahoo! Inc. (NASDAQ/YHOO), based on my stock analysis. (Read “Facebook’s Hot, But Valuation’s Questionable.”)
At just over $700.00 a share, you may think the stock is expensive. On an absolute basis, a $700.00-plus stock is not cheap, but on a valuation and comparative basis, Google is still tops, according to my stock analysis.
My stock analysis suggests that Google will continue to dominate and gain market share in the Internet space with its “Android”-powered “Nexus” smartphones and Wi-Fi Internet offering.
Wall Street is optimistic about the investment opportunity of Google. Let’s first take a look at what analysts are expecting. Of the 39 analysts polled by Thomson Financial, 11 rate Google a “Strong Buy,” while 20 analysts rate it a “Buy...
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