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Google Euphoria Continues
By Andy Beal
Expert Author
Article Date: 2004-11-24
Just when you though Google's stock was heading for sub-$150, Goldman analyst Anthony Noto initiates coverage on Google with an "outperform" rating and a price target of $225.
$225?!? Kind of high considering that Noto forecasts that Google's earnings per share will enjoy compound annual growth of about 25% from 2006 through 2009.
That figure is also a lot less than the 50% growth predicted by CSFB and their target price was just $145!
About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.
You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.
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