

News Archive
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
Analyst Raises Expectations For Google's Stock
December 14, 2009, 11:53 amLast week, Yahoo experienced a small win on the financial front as an analyst gave its stock a "buy" rating and increased his price target from $19 to $20. Today, Google achieved a rather bigger victory as another analyst raised his price target from $600 to $695.
Jefferies & Co. analyst Youssef Squali had no shortage of reasons for reiterating a "buy" rating on Google and altering the price target. "Signs of improvement in CPCs" and "optimism among advertisers for FY10 amid an improving macro picture" were two points he put forward, according to a Benzinga article.
Another factor is simply Google's impressive and often-increasing control of the search market; Squali cited comScore's October figure of 65.4 percent.
So now Google's stock is up by a fair amount -- 0.85 percent, compared to the Dow's 0.22 percent and the Nasdaq's 0.78 percent. Google established a new 52-week high earlier today, too, hitting a level not seen since January of 2008.
Yahoo is also up, if you're curious, by a less-impressive-but-still-good 0.32 percent. And Microsoft's stock has risen 0.80 percent so far today, landing the company somewhere in between its rivals.
Related Articles:
> Kaufman Bros. Analyst Upgrades Yahoo
> Respected Fund Manager Backs Away From Google
> Google, Bing Perform Well In Latest comScore Report




