Google (NASDAQ GOOG) has remained a top performing stock now for some time. Despite not achieving the expected levels in the last few quarters, stock holders would not be too sad with the way stock has gone up steadily. They would be happier still to know that Google has received bullish ratings from analysts for the quarter of Q4. How Google performs remains to be seen though.
Here in this article, we will take a closer look at the expectations which Google faces in the run up to Q4. Google, being the search giant that it is, would be looking to perform at their highest levels. Therefore, the stock holders of GOOG stock can expect some good showing from the search engine giant in Q4.
Google has not achieved the levels which most expected in the recent few quarters. Some of that is due to the success which iPhone 6 achieved. This success has led to a lower sales for Google products. Google has also been meek with their acquisitions and companies like Apple have really dominated the market.
Google Inc (NASDAQ GOOG) News: Be Bullish on GOOG
Google is also facing some kind of competition in the search engine market, which they had been heavily dominating over the years. After the termination of contract with Firefox, which also saw Yahoo gain a bit of the market, Google faces another termination of contract through Safari.
Despite such problems, Google have a lot of cash backup and certainly look strong going into Q4. Most analysts have given positive reviews to the stock and expect it to perform well in the coming days. Most major analysts have given Google a buy rating and are expecting Google to perform well in the coming months.
Google Inc Financial News (NASDAQ GOOG)
Google (NASDAQ GOOG) would be looking to end the financial year on a high note. They have been marginalized by the likes of Apple and Facebook, in terms of innovation and market share in key products. Google would be hoping to respond well to such problems.
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