January 04, 2006
Google $600 Price Target
Piper Jaffray raised their 12 month price target to $600 for the search engine that all of us use.The investment firm Piper Jaffray raised its price target on shares of the Internet search provider Google yesterday to $600 from $445, a 35 percent increase. A Piper Internet analyst, Safa Rashtchy, projected that Google would continue to generate strong, double-digit sales and earnings growth through 2007 and gain market share as well. "While the stock may have its ups and downs throughout the year, we believe it will reach $600 by the end of 2006 and we prefer to have one 12-month price target rather than raise it every quarter," Mr. Rashtchy said in a client note.
