Wall Street giggles at Google gloatfest
Miss Google's earnings gloatfest yesterday? The company reported revenues of $4.23 billion, an increase of 57 percent over last year, and profits of $1.07 billion, up 15.6 percent increase just over the prior quarter. CEO Eric Schimdt's deep analysis? "It's obvious to us that our model works very well." Financial analysts from around the world managed to take all the obnoxious gloating in stride. Here's how they've adjusted their target share prices.
- Jeffrey Lindsay, Bernstein Research: To $720, from $625.
- Jason Helfstein, CIBC: To $700, from $690.
- Jordan Rohan, RBC: To $725, from $690.
- Mark Mahaney, Citigroup: To $775 from $600.
- Heath Terry, Credit Suisse: To $800, from $600.
- Anthony Noto, Goldman Sachs: To $800, from $620.