Google stock target lifted to $815 ahead of earnings
Google Inc.'s price target was raised to $815 from $750 at Credit Suisse on Friday. Analyst Stephen Ju also reiterated an outperform rating on the expectation that search volume was strong and YouTube was hardly impacted by premium videos on Facebook Inc. . Google is set to report third-quarter earnings after the market close on Thursday. Shares of Google were up 0.5% in premarket trade, putting the stock on track to open around $670.38. Its shares have risen 23% over the last three months, outperforming the S&P 500's 2% decline. The average target on Google's stock is the equivalent to buy, and the average stock target is $774.22, according to FactSet poll of more than 35 analysts.
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