All Aboard the Google-to-$700 Train! Credit Suisse Buys a Ticket

Credit Suisse's Spencer Wang has just become the latest analyst to boost his price target on Google (Nasdaq: GOOG) to $700 -- a move that is become more and more common.

Given Credit Suisse's new target, the average of analyst price targets on Google (according to data from Bloomberg) is about $687. With the stock trading around $586.50 this morning (down 0.2% from yesterday's close), analysts average target suggests potential upside of more than 17% from where the stock is trading today. Yikes. Moreover, out of 38 analysts that cover the stock, 10 believe Google will rise to at least $700 over the next year -- more than 26% of the analysts.

Credit Suisse maintains its Outperform rating on shares of Google.

To track all the analyst's price target raises on Google, visit our Analyst Ratings page.

Google Inc., a technology company, maintains index of Websites and other online content for users, advertisers, Google network members, and other content providers.

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