Goldman Sachs Raises Google (GOOG) Price Target, Sees 18% Upside

October 8, 2010 7:26 AM EDT
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Price: $805.02 +0.35%

Rating Summary:
    53 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs raised its 6-month price target on Google (Nasdaq: GOOG) from $600 to $625, while maintaining a Buy rating.

The firm said they see "near-term revenue and stock price upside due to monetization initiatives (pre- and post-Instant)."

Shares of GOOG closed at $530 yesterday, providing 18% upside to the firm's new price target.

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