Topeka Capital Raises Google (GOOG) Target to $999, Co. on 'Forefront of Innovation'

May 16, 2013 8:59 AM EDT
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Price: $805.02 +0.35%

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Topeka Capital today maintained a Buy rating on Google (NASDAQ: GOOG) and raised its price target to $999.00 (from $950.00). Improves sentiment follows announcements at Google's I/O conference yesterday.

Analyst Victor Anthony said, "The highlights of the Google I/O developers conference keynote showed that Google remains one of the most innovative and forward thinking companies of this generation. Improvements to voice search, Google+, Google Maps, and the launch of the Google Play All Access music subscription service show that management remains at the forefront of innovation on the Internet."

For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.

Shares of Google closed at $915.89 yesterday.

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