With Google+ recently crossing 40 million registered users, Google (NASDAQ:GOOG) seems to have set its priorities right this time. [1]
A robust search business greatly helped by Android, coupled with increased focus on display ads on Google+ and YouTube should prevent Google’s stock from slumping like it did after Q2 2011. Dwindling competition from other search players like Yahoo (NASDAQ:YHOO) and AOL (NYSE:AOL) would also help Google’s cause further.
See our full analysis for Google’s stock
Android’s Road to Dominance: Samsung and Ice Cream Sandwich
With Samsung overtaking Apple (NASDAQ:AAPL) in smartphone shipments for the last quarter, [2] Android is well poised to reach a 50% global market share in the mobile OS space. Additionally, Google’s latest mobile OS, the Ice Cream Sandwich, offers much better integration between smartphones and tablets, which is expected to provide further incentive to developers to adopt it as a preferred platform. With mobile searches expected to grow from 9% of total searches in 2010 to around 20% in 2012, [3] Android’s increased strong-hold in the mobile OS space should boost Google’s stock further.
We have a revised price estimate near $628 for Google’s stock, which is just ahead of the current market price.
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