GOOG Stock – Credit Suisse Boosts Google Price Target to $1,450

Shares of the tech giant have climbed steadily since October

   

On Tuesday, Credit Suisse (CS) analysts reaffirmed their positive rating for Google (GOOG) stock.

google neon light 630 300x227 GOOG Stock   Credit Suisse Boosts Google Price Target to $1,450
Source: Flickr

In a research note, Credit Suisse stuck with its rating of “overweight” for GOOG stock. Credit Suisse has boosted its price target for GOOG stock from an earlier $1,200 a share to $1,450 a share. Given the current price of GOOG stock, Credit Suisse is predicting that GOOG stock could climb more than 25%, WKRB13 notes.

Google Nexus 7 wireless recharge 200x200 GOOG Stock   Credit Suisse Boosts Google Price Target to $1,450
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GOOG stock is expected to gain as the Internet search giant continues to expand its presence in consumer technology markets. Google recent acquired smart thermostat-maker Nest for a reported $3.2 billion, giving it a foothold in the “Internet of Everything” market for networked home appliances.

In the research note, Credit Suisse said they anticipated that Google “sustain mid-teens revenue growth over the next few years.”

GOOG stock hit $1,000 a share in October. By December, GOOG stock was trading above $1,100 a share.

In Tuesday morning trading, GOOG stock rose modestly. GOOG stock is trading north of $1,158 a share.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/goog-stock-pac-crest-credit-suisse-boost-google-price-target-1450/.

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