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| UPDATED: 2006-09-11 |
 Google Stock Upgraded To "Buy" 
By: Nathan Weinberg 2006-09-11 AC Research has upgraded Google's stock from a "hold" to a "buy", signalling a little more confidence in the stock, which has lagged all year. Link: AC Research has upgraded Of course, Google's stock hasn't exactly been rebounding. Take a look at this Google Finance chart (the red line is added by me to show the peak):  More likely, AC is counting on the fact that advertising revenue peak over the holiday season, meaning some good earnings reports should be coming for the GOOG. They have set a 12-month price target of $460, still fifteen dollars short of Google's all time high on January 11, 2006. Jeez, wasn't it a year ago we were predicting GOOG $1,000? (via Digg) View All Articles by Nathan Weinberg About the Author: Nathan Weinberg writes the popular InsideGoogle blog, offering the latest news and insights about Google and search engines. Visit the InsideGoogle blog. |
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