Tomorrow, World Domination

July 4, 2005 at 4:00 AM UTC

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GOOGLE, INC. GOOG, $287.84-OTC, STRONG BUY

We are fully cognizant that we declined to recommend Google (GOOG ) at last August's $85-per-share initial public offering. We learn from our errant ways, however, one being petty thinking, which now afflicts equity analysts in the Internet space. Despite Google's 59.5% leap since March, to $287.84, 6 of 30 Google analysts still do not rate it a buy. Some are raising price targets, albeit timidly -- for example, to $360. This would deliver buyers today gains of a mere 25%. Chastened by our own profitless risk aversion, we issue this modest proposal: a target price of $3,600 a share.