UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Google Ahead of 2Q13 Reports

In a report published Tuesday, Deutsche Bank analyst Ross Sandler reiterated a Buy rating on

, and raised the price target from $930.00 to $1,010.00. In the report, Deutsche Bank noted, “We are expecting Google to report largely in-line with our estimates for 2Q13, which call for core revenue growth (net) of +2% Q/Q slightly below consensus. Fundamentals at Google remain as solid as ever, with most business units firing on all cylinders, reflected in the ~25% multiple expansion experienced over the past six months. Google has been our top idea in large cap internet since fall 2012 and we remain optimistic around the long-term opportunity. At 17x 2014 EPS, we continue to recommend the shares into the quarterly results.” Google closed on Monday at $905.09.