By: GZ on Mercoledì 24 Novembre 2004 10:49
Subito dopo la chiusura ieri sera Goldman Sachs esce dando 215 dollari come obiettivo a Google e lo tira su di 8 dollari in cinque minuti
La ragione ? rispetto a Yahoo e Ebay è a sconto !!! (anno 2000 deja vu)
SAN FRANCISCO (CBS.MW) -- Google Inc. traded higher in after-hours action as the Internet search giant was given a $215 price target, one of its highest price goals yet.
Late Tuesday, Goldman Sachs media and Internet stocks analyst Anthony Noto issued a 73-page initiation report on Google (GOOG: news, chart, profile) with a stock-price target that's nearly 29 percent above Tuesday's daytime closing price of $167.
On the report, Google shares rose 4.5 percent to $175 in evening trades.
While the price target sounds high, it's not the highest on Wall Street. CS First Boston analyst Heath Terry raised his price target on Nov. 10 to $225 from $177.
To support Goldman's price target for Google, Noto said that he expects Google's profit to grow at a compounded annual rate of 25 percent between 2006 and 2009.
At Google's current price, Noto argued, the stock trades at a 23 percent discount to the average multiple of eBay (EBAY: news, chart, profile), Yahoo (YHOO: news, chart, profile) and Amazon.com (AMZN: news, chart, profile).