Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

CSFB Raises Google Target

CS First Boston raises internet search engine Google's (GOOG) price target to $350.

Analyst Heath Terry tells salesforce shares reached its $275 near-term target.

He says while there will certainly be plenty of volatility in stock price, particularly over what is supposed to be slower summer period, he believes shares have further to go given momentum in the company's core ad business and the growing impact of new business like Gmail, Froogle, Local, and valuation that, relative to company's growth rate, is far from stretched.

Therefore, Terry raises his 12-month discounted-cash-flow based price target from $275 to $350, about 30 times 2006 EV/EBITDA. He keeps his outperform rating.

blog comments powered by Disqus