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Credit Suisse Says Google's Good for $900

Credit Suisse has pushed its 12-month price target on Google from $800 to $900
By Open Web Developer News Desk
Article Rating:
November 29, 2007 10:00 AM EST
Reads:
 7,144
Credit Suisse has pushed its 12-month price target on Google from $800 to $900, causing the stock to regain some of the 125 bucks it's lost to the market roiling since Google grazed $750 earlier this month. Most of Wall Street believes in its heart that Google will see a dizzying $1,000 but few have written it down. Credit Suisse analyst Heath Terry believes Google will drive out all contenders and effectively own 100% of search, which he describes as a "natural monopoly," and that all advertising, including TV, radio and outdoor, will eventually go digital using Google as its "de facto operating system." He is figuring on upwards of 35% sales growth over the next five years and at least 30% earnings growth.

Published November 29, 2007 – Reads 7,144
Copyright © 2007 SYS-CON Media, Inc. — All Rights Reserved.
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