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.
Apple’s (AAPL) iOS system still leads in closing the most mobile commerce sales, but Google (GOOGL)’s Android is gaining fast, according to research group eMarketer. This could prompt retailers to tailor their apps more to the type of shopper they want to attract rather than the type of device those people are using, says eMarketer. Right now, “iOS consistently outperforms Android and generates the lion’s share of mobile commerce sales,” eMarketer