Google (GOOG) Clears $500 Hurdle
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Price: $298.30 -0.87%
Rating Summary:
43 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
43 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Share of Google (Nasdaq: GOOG) have crossed the key $500 psychological level. Shares are at $501.10, up 0.82% on the session.
Earlier today, Canaccord Adams lifted its price target on Google from $480 to $560, citing an improving Q4 outlook and traction with YouTube. The firm commented, "We believe that while Q3/09 results are likely to be seasonally in line with expectations (3% QoQ revenue growth), Q4/09 could have much more upside than the Street is modeling (8% QoQ revenue growth)."
Canaccord Adams recommends that investors build/add to their positions ahead of Q4 given that the widely anticipated pullback in the broader market has not materialized.
The firm maintained their Buy rating on Google.
Earlier today, Canaccord Adams lifted its price target on Google from $480 to $560, citing an improving Q4 outlook and traction with YouTube. The firm commented, "We believe that while Q3/09 results are likely to be seasonally in line with expectations (3% QoQ revenue growth), Q4/09 could have much more upside than the Street is modeling (8% QoQ revenue growth)."
Canaccord Adams recommends that investors build/add to their positions ahead of Q4 given that the widely anticipated pullback in the broader market has not materialized.
The firm maintained their Buy rating on Google.
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