Home > News & Commentary > Wall St. Analyst Model Meltdown: Reason to Buy or a Contrarian Red Flag? (GOOG)

Wall St. Analyst Model Meltdown: Reason to Buy or a Contrarian Red Flag? (GOOG)

Google’s (GOOG) gravity defying numbers shattered the models of no less than ten major Wall St. Analyst firms causing them to raise price targets. The lowest of these recent ratings implies a 10.5% upside based on Friday’s closing price and the highest estimate would provide a 27.3% gain.

See Below:
Stifel Nicolaus raised target to $650
Barclays (BCS) raised target to $620
FBR raised target to $680
Piper Jaffray (PJC) raised target to $623
Kaufman Bros. raised target to $645
UBS raised target to $635
JP Morgan & Chase (JPM) raised target to $608
Goldman Sachs (GS) raised target to $635
BofA (BAC) raised target to $640
Citi (C) raised target to $640
Benchmark raised target to $625
Canaccord Adams raised target to $700 (Street High)

Disclosure: Long GOOG

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