Deutsche Bank Says Google+ Off To Strong Start

Deutsche Bank is out with a research report on Google

, and specifically, Google+. It has a Buy rating on shares and a $725 price target. In a note to clients, Deutsche Bank writes, "Google+, unveiled to notably positive reviews (and user comments), shows Google can do social. Further, we believe it can be successful without necessarily "beating" Facebook. Google+ stands to build relationships/trust with its consumer users and help keep users on Google sites longer, provide the company with more social data, and improve search results. Google can promote the new service across its broad user base, giving it a good shot at catching on. We see any meaningful traction with Google+ as a catalyst for multiple expansion for Google." Shares of GOOG are down $3.28 in pre-market trading to $524.00, a loss of 0.6%.