Firm expects Google to hit $600

Piper Jaffray on Tuesday raised its price target on shares of Internet search provider Google by 35 percent to $600 from $445. The new one year target is the highest of 24 brokers with model prices on the stock, according to Reuters Estimates.

Piper analyst Safa Rashtchy estimated that Google (Research) will continue to generate strong, double digit sales and earnings growth through 2007 and gain market share as well. Piper Jaffray raises Google price target to $600 - Jan. 3, 2006

Linked by shanmuga Tuesday, 3rd January 2006 8:49PM