Tuesday, November 23, 2004
Google Gets $215 Price Target
Early tonight, Goldman Sachs analyst Anthony Noto issued their report on Google stock, giving it a target of $215. The 73-page report is credited with rallying GOOG shares up eight dollars to $175 in after-hours trading. Noto explained his projections say Google will have a compunded 25% rate of growth annually from 2006 to 2009. While this isn't the highest rating (CS First Boston puts it at $225), it may be the most significant. Somebody get me a copy of that report!