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Google’s 5 Hypothetical Catalysts: Mahaney

Five factors could lead Google's stock higher, Mark Mahaney of RBC Capital Markets said Thursday on CNBC.

On "Fast Money," he laid out his reasons for his $840 price target.

"First, there's still a mobile bear thesis on this stock, which I've long thought was inaccurate," he said.

"Secondly, there's an enterprise play at Google that is very rarely talked about, so it's an aspect of the business that's underappreciated."

Mahaney also said that the company's significant international exposure, which hurt them last year, "could help them this year, especially if Europe gets a little less worse."

Regulatory pressures from the Federal Trade Commission have eased, and the European Unions regulators could follow suit, Mahaney said.

"And finally, somebody already mentioned it. This YouTube asset," he said. "We've had a thesis built in here that says that TV ad budgets are going to migrate online.

"If that's true, YouTube and Google are the biggest beneficiaries of it. So those are the hypothetical reasons why we continue to see a re-rating."

Trader disclosure: On March 7, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long C; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long GOOG; Karen Finerman is long HRB; Karen Finerman is short SPY; Steve Grasso is long AAPL; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long GOOG; Steve Grasso is long GDX; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long PXD; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long VLO; Steve Grasso is funds long HPQ; Steve Grasso is funds long MU; Steve Grasso is funds long ZNGA; Steve Grasso is funds long GM; Steve Grasso is funds long USG; Brian Kelly is long BOVESPA FUTURES; Brian Kelly is long S&P 500 FUTURES; Brian Kelly is long GOLD FUTURES; Brian Kelly is short Copper futures;

For Mark Mahaney
A member company of RBC Capital Markets or one of its affiliates managed or co-managed a public offering of securities for Facebook, Inc. in the past 12 months; A member company of RBC Capital Markets or one of its affiliates received compensation for investment banking services from Facebook, Inc. in the past 12 months; RBC Capital Markets is currently providing Facebook, Inc. with non-securities services; RBC Capital Markets has provided Facebook, Inc. with investment banking services in the past 12 months; RBC Capital Markets has provided Facebook, Inc. with non-securities services in the past 12 months.


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