$600 price target for google this morning, the analysts just cant get enough and just continue to upgrade everything from tech to bank stocks. Im waiting for the next fool to come out and upgrade google to $800 and maybe a few more fools to go ahead and push their upgrade prediction to $1000.
Because google is really worth $300 Billion dollars.....
HAHAHAHA
Ahead of the Bell: Analyst boosts Google target
Analyst raises target price for Google stock to $600 as economic recovery takes hold
* On 8:53 am EDT, Friday October 9, 2009
NEW YORK (AP) -- An analyst sharply raised his share price target on Google Inc. Friday, just two days after the online search leader's CEO Eric Schmidt said an economic recovery is under way in the U.S. and Europe.
Credit Suisee analyst Spencer Wang increased his price target to $600 from $475. The new target implies the stock has room to rise 17 percent over the next year. Google's shares last crossed $600 in May 2008.
Wang said he expects Google's advertising revenue will benefit from improved consumer spending and higher ad spending. He kept an "Outperform" rating on Google's shares.
On Wednesday, Schmidt said Europe's economic improvement appears to be keeping pace with the U.S. He said advertising is traditionally a lagging indicator of how the economy is faring because businesses buy more ads when they have already noticed an improvement.
Wang said online search will be "one of the first advertising mediums to benefit from an advertising recovery."
Wang is not the only analyst to express more confidence that Google's share price will increase. Late last month Stifel Nicolaus analyst George Askew hiked his target price to $590 from $475 and reiterated a "Buy" rating.
Because google is really worth $300 Billion dollars.....
HAHAHAHA
Ahead of the Bell: Analyst boosts Google target
Analyst raises target price for Google stock to $600 as economic recovery takes hold
* On 8:53 am EDT, Friday October 9, 2009
NEW YORK (AP) -- An analyst sharply raised his share price target on Google Inc. Friday, just two days after the online search leader's CEO Eric Schmidt said an economic recovery is under way in the U.S. and Europe.
Credit Suisee analyst Spencer Wang increased his price target to $600 from $475. The new target implies the stock has room to rise 17 percent over the next year. Google's shares last crossed $600 in May 2008.
Wang said he expects Google's advertising revenue will benefit from improved consumer spending and higher ad spending. He kept an "Outperform" rating on Google's shares.
On Wednesday, Schmidt said Europe's economic improvement appears to be keeping pace with the U.S. He said advertising is traditionally a lagging indicator of how the economy is faring because businesses buy more ads when they have already noticed an improvement.
Wang said online search will be "one of the first advertising mediums to benefit from an advertising recovery."
Wang is not the only analyst to express more confidence that Google's share price will increase. Late last month Stifel Nicolaus analyst George Askew hiked his target price to $590 from $475 and reiterated a "Buy" rating.