GOOG’s gotten some pretty bullish coverage today with a $145 target by CSFB and a $140 target by WR Hambrecht. I also see that there are plenty of shares to short. Things may get real interesting in that bad boy. FWIW, I wouldn’t touch it long or short right here, but if I was forced to choose I’d have to go long.
Yikes! $145? Hmmmm….I haven’t read much on this yet, but are they basing that taget price on Google’s “AdSense” business? They couldn’t possibly think “Search” alone is worth $145 a share…I guess they could…Well, Google is the center of the Internet, so I suppose that’s worth something.
It’s definitely all about ads — AdWords and AdSense.