ttt give me this link today. Google can hit $900?.
http://
biz.yahoo.com/ap/
071120/
google_out_of_the_ga
te.html?.v=1Out of the Gate: Google Target UppedTuesday November 20, 9:52 am ET
Credit Suisse Analyst Hikes Google Price Target to $900, Says Online Advertising Market RobustNEW YORK (AP) -- A Credit Suisse analyst hiked his price target on Google Inc. to $900, the highest among Wall Street analysts, expecting gains as advertisers move online to lure more consumers.
In early morning trading, the stock rose $14.61, or 2.3 percent, to $640.46.
Credit Suisse's Heath P. Terry called Google the best Internet investment and expects the company to gain as all advertising goes digital.
"As Google has built up its online services, we believe the company has created a sustainable competitive lead in online search," Terry wrote in a client note.
Terry forecast sales growth of 35 percent and earnings growth of at least 30 percent over the next five years.
Terry expects growth in consumers using broadband connections to boost demand for online advertising, as well.
Google's stock hit an all-time high of $747.24 on Nov. 7. It took less than a month for the stock to jump to $700 from $600.