Two days after Piper Jaffray raised its one-year price target for Google's stock to $600 a share, another analyst has raised his 2006 price target to $550. In addition to bumping the price target up from $360, Robert Peck at Bear Stearns raised his rating on Google from "peer perform" to "outperform," citing "belief in the fundamentals and the burgeoning Google Ecosystem."
Peck's research note describes an ecosystem as a "community interacting as a functional unit, that grows and mutually supports the various components within it," much like Microsoft and IBM developed in the past. Google's Ecosystem | News.blog | CNET News.com
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