Going for $600? January 3, 2006
(Visited 10272 times)One analyst predicts GOOG to reach $600 this year. Incredible?
Piper Jaffray jacked up its price target on the stock Tuesday to $600 from $445, saying the search engine is its top large-cap pick in the new year. The $600 forecast is 50 times Piper’s new pro forma 2007 earnings estimate of $11.91 a share. Its old forecast applied the 50 multiple to a 2006 pro forma estimate.
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