Analyst Heath Terry cites Comscore data in predicting 10% sequential growth versus 7% consensus, says Barron’s Eric Savitz. Google stock up strong, nearing $600/share and $200 billion market cap. For perspective, that’s now more than two-thirds of Microsoft’s (MSFT) market cap. Terry’s bullish Q3 comments follow Jordan Rohan’s last week.
A reader asks what we think of a few Google issues:
- Terry’s Q3 forecast: Sounds reasonable, assuming Comscore accurate.
- Mortgage risk: Little to none in Q3. Little to none thereafter if mortgage troubles do not spill over into rest of economy.
- Contribution from other revenue streams (YouTube, Apps, etc.): Immaterial for foreseeable future.