Google Stock Forecast: The Boycott Against Facebook Is A Tailwind for Google
This Google stock forecast article is written by Motek Moyen Research, Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
- There’s a growing list of big and small companies that are boycotting Facebook. Many of them are also stopping their ad placements on Zuckerberg’s company.
- This growing socio-political headwind of Facebook will benefit the search and mobile advertising businesses of Google.
- Companies who won’t place ads on Facebook will have extra marketing budget that could be spent on YouTube, Google Search, and AdSense-using websites/apps.
- The growing number of Android gamers also boosts the app-install advertising business of Google.
- My 1-year price target for Google is $1,600. This is slightly higher than the average price target of $1,514.3 at Tipranks.