Google Inc GOOG is the largest search engine in the world; The company gained over 50 billion (world record in one day) in market capitalization on Friday after it beat earnings expectations. Google reported Q2 revenues of $17.75 billion along with a $6.99 earnings per share, above the projected EPS of $6.71. The tech giant soared nearly 16 percent to all-time-highs.
Here’s what Wall Street analysts had to say about Google:
Credit Suisse: Rated Google with Outperform rating and raised price target (PT) from $700 to $750.
Mizuho Securities: Rated with Neutral; Increased PT from $595 to $715.
JMP Securities: Rated with Market Perform; Increased PT from $625 to $720.
Jefferies Group: Rated with Buy; Increased PT from $700 to $800.
Bernstein Research: Rated with Outperform; Raised PT from $700 to $800.
MKM Partners: Initiated with Buy; Announced PT of $805.
SUMMARY: 2 Outperform, 2 Buy, 1 Market Perform, and 1 Neutral rating; Price targets range from $715-$805.
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