Wednesday, November 10, 2004

CS First Boston Raises Google Price Target

CS First Boston raised its price target for Google (GOOG) this morning from $177 to $225. Since Google is a high growth company, they say 'valuation is very sensitive to small changes in the growth rate and model assumptions.'

They do note the second Google lock up expires Nov. 18th. 39 million shares are available for sale on that date. There may be some volatility in the stock price around Nov. 17th.

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