Collins Stewart Raises PT and Estimates on Google (GOOG); Strong 3Q on Across The Board Strength, Mobile Acceleration

Collins Stewart reiterates a 'Buy' on Google (NASDAQ: GOOG) price target raised from $725 to $795.

Collins analyst says, "We are raising our 4Q11 and 2012 PF EPS estimates 6%-10% and raising our price target to $795 based on 18x 2012 PF EPS of $44.17. Reiterate BUY, on global online advt growth, accelerating mobile revenues, incremental display, Android optionality and inexpensive valuation at 12x 2012 PF EPS ex cash even after Motorola acquisition."

For more ratings news on Google click here and for the rating history of Google click here.

Shares of Google closed at $558.99 yesterday.

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