Google’s (GOOG) first-quarter earnings may have disappointed some investors, and sent the stock down some $32 at about $564 in early trading, but some analysts who follow the stock are actually raising – not decreasing – price targets. Goldman Sachs‘ upped Google’s price target to $680 from $670, and Deutsche Bank took Google to $700 from $626. The divergence between the stock and the analysts who follow the company suggests that bulls and bears will now fight over the stock. Some will see Google’s plans to increase spending as an indication of future earnings growth, and others as a sign that what has worked so well for the company is now not so great.
-Steven Sears, Barrons.com
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