Search leader Google (GOOGL) got a price target boost on Friday from Credit Suisse, which expects the company’s YouTube video service had higher-than-expected growth in Q2. But Credit Suisse analyst Stephen Ju lowered his revenue Q2 estimates for the Google Play app store, in part due to foreign exchange headwinds. Credit Suisse boosted its price target on Google stock to 700 from 690 while maintaining its outperform rating. Google is set to
Search leader Google (GOOGL) won’t acquire microblog Twitter (TWTR) despite persistent rumors of such a hookup, an analyst said Friday. Rumors emerged about a possible Google-Twitter union after Verizon Communications (VZ) in May announced it would buy AOL for $4.4 billion. Rumors that Twitter might be sold intensified in June, pushing up Twitter stock nearly 6% on June 30. But Rosenblatt Securities analyst Martin Pyykkonen discounts the chatter.
Barracuda Networks (CUDA) got several price target cuts Friday and shares plummeted after the company reported weak fiscal Q1 billings late Thursday and issued weak revenue guidance. Summit Research Partners analyst Srini Nandury maintained a buy rating on Barracuda stock, but reduced his price target to 45 from 50. “We believe Barracuda’s fundamental business is still intact with a loyal customer base (92.5% renewal rates in fiscal Q1 ended May