Bear Stearns analyst Robert S. Peck upgraded Google’s stock to “Outperform” from “Peer Perform,” and sharply raised his price target to $550 from $360. Peck cited a long-term belief in Google’s fundamentals and the “burgeoning Google ecosystem.”
He says ..
“While most people associate the ecosystem with nature, we think it also applies to business sectors and believe Google is in the midst of nurturing its own ecosystem, much like Microsoft and IBM did in the past,” Peck said in a client note. Peck said Google’s effect on the markets so far are “merely pressure waves before the real tsunami.” He expects Google’s continued growth to grow more industries that sustain it and help build barriers for competitors.
“Google’s users and advertisers will become a market for products and services that are ‘about Google,”‘ Peck said. In addition, the company’s growing influence is among the reasons why rivals such as Yahoo Inc. and Microsoft Corp. are putting more time and resources into their search and Internet strategies, Peck said.
In the mobile context, I have been saying this for some time now .. with the whales and plankton concept for mobile developers
Yet, not many operators have taken the efforts to nurture developers.
Is it now too late as the web moves in?