Google has some new products up its sleeve, but is the stock headed for a fall?
Google and Apple have been the Goofus and Gallant of tech stocks this past year.
Google is up 20% in 2013, Apple is down nearly 18%. Google is up nearly 50% in the last twelve months, Apple is down almost 22%. Wall Street expects Google to grow revenues by nearly 40% this year, Apple is expected to grow revenues by “only” 9.5% or so.
And, there’s the sentiment that Google works diligently on very cool products while Apple tweaks its older products. Google has two new Android phones coming out this summer, including its Motorola’s newly announced Moto X, and its Google Glass device, among others. Apple has… a watch. Maybe.
But is Google a potential Goofus in disguise?
We asked Talking Numbers contributors Abigail Doolittle, Technical Strategist at The Seaport Group, and Steve Cortes, Founder of Veracruz TJM, where they see Google’s prices headed. To hear what think, watch the video above.