Google: 50 cents from $600

Google Inc. (Buzz Light Year Style)

Google Inc. (NASDAQ:GOOG) shares came within 52 cents from touching $600 per share this morning, and the Street thinks the stock could hit $700 by the end of the year.

(Benzinga.com) Google, Inc. (GOOG) reported a stronger than expected 3Q results last night, comfortably exceeding on the top and bottom lines, and reflecting strong momentum going into the seasonally strong 4Q, Jefferies & Company reports.

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GOOGThe company says that with core Search sustaining high-teens growth rates and Display becoming a multi-billion dollar revenue stream for Google, the momentum of the business going into the seasonally strong 4Q is accelerating.

“We're raising our estimates and price target to $700 from $680, while maintaining a Buy rating,” Jefferies & Company writes.

SOURCE: http://www.benzinga.com/analyst-ratings/10/10/525733/jefferies-company-raises-google-price-target-to-700

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