Wall Street analysts turn more bullish on Google

A MarketWatch columnist has bestowed upon Credit Suisse First Boston the "Henry Blodget Cup" for most bullish call on Google. The firm issued a $275 price target for the stock, which is hovering over $200. Goldman Sachs was deemed runner-up with a $265 target. All this conjures memories of the go-go years. But as the column notes, things are quite different with Google. The biggest difference is, of course, profits. Google's profits surged to $204 million last quarter from $27.3 million a year earlier. Also, much of the buying seems to be coming from institutions.

> Here's the MarketWatch column.
> Here's some background on Google's surge.

[Fierce Enterprise]