Broadpoint AmTech maintains a “buy” rating on Google and raised the price target on Google by $40.
“When people are searching for products, they need to go to Google to find them,” said Schacter. “And as long as they do that, Google can make money and provide a good experience for the users as well as the advertisers.”
Online auction giant eBay, once at the height of online shopping, has faced a bumpy road in recent years with rising competition from the likes of Amazon.com and Wal-Mart's online store. Schacter said he is still bullish on the auction company in the short-term.
“EBay had its problems…[but] we think they’ve turned the corner somewhat,” he said. “They’ve easy comps, the currency hedge behind them."
But, he added, "This is a company that needs to put its gas pedal down and fix some of the problems on its site…We think they’re going to have a continued run for the near-term, but we need to save some time and see if they can actually turn things around on the fundamental level over time.”
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No immediate information was available for Schacter or his firm.