UPDATE: Topeka Capital Raises PT on Google as 3Q Results Support Best-In-Class Status
In a report published Friday, Topeka Capital Markets analyst Victor Anthony reiterated a Buy rating on Google (NASDAQ: GOOG), and raised the price target from $1,035.00 to $1,100.00.
In the report, Topeka Capital Markets noted, “Google's 3Q results support our view that the stock is one of the best longer-term investments in the TMT space. The Company has evolved to be the gold standard in online advertising and an innovator in technology. Our price target increases to $1,100 from $1,035 on higher estimates. We recommend investors shift funds from secularly challenged technology companies towards Google.”
Google closed on Thursday at $888.79.
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