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SON: Q_EUR_GOOG_NAS.SON at 02.40AM ET €459.67  +0.00 (+0.00%)


Piper Jaffray Raises Google Price Target To $300 From $275

Tuesday, May 31, 2005 8:09:22 AM ET
Dow Jones Newswires


 

NEW YORK (Dow Jones)--Piper Jaffray raised his stock price target on Google (GOOG) to $300 from $275, citing the potential benefits of the company's rapid expansion into non-Internet search services.

"The company is aggressively focused on production better versions of a number of widely popular applications, including maps, local search, desktop search, news, email and now homepage," analyst Safa Rashtchy said.

"In doing so, Google should be able to extend its brand successfully and build a long-term advantage."

The stock closed Friday up $6.80 at $266.

 
 

(END) Dow Jones Newswires

May 31, 2005 07:47 ET (11:47 GMT)

 
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04/05/05  Lehman Raises Google To Overweight From Equal >GOOG  



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