Jefferies Raises Google Price Target To $800 (GOOG)

Jefferies raises Google's GOOG price target to $800 from $710 and maintains Google's Buy rating in a research report published today. In the report, Jefferies states, "Strong volume and pricing trends in its core business, and solid traction in non-search segments allowed Google to comfortably exceed Street expectations. We remain bullish on the name as it remains one of the biggest beneficiaries of online advertising growth in 2011." Shares of Google are at $641.22 in pre-market trading, up 2.31% from Thursday's market close.