LONDON (SHARECAST) - Shares in internet search engine Google are expected to surge to $600 each according to the latest release from Piper Jaffray.
The firm has raised its target price by 35% from $445 as analysts at the group reckon Google will gain market share as it continues to generate strong, double-digit sales and earnings growth through 2007.
Pipers latest target price has Google on a multiple of 50 times its estimated 2007 earnings per share of $11.91.
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