Google Stock 12-Month Prize Target Raised From $400 to $575
JMP Securities have raised the 12-month price target on Google’s stock from $400 to $575. Analyst William Morrison has the highest forecast of Google’s share price.
JMP Securities have raised Google’s 12-month price target on the stock from $400 to $575. Analyst William Morrison has the highest forecast of Google’s share price exceeding the bullish price targets of $500.
“Morrison based his price target on 2007 forecasts of earnings before interest, taxes, depreciation and amortization and free cash flow. He values Google at 50 times his $11.50 free cash flow per share estimate and 25 times his $6.6 billion EBITDA projection. Previously, Morrison based his target assuming 27.5 times his $4.3 billion 2006 EBITDA and 50 times his $7.85 free cash flow per share forecasts.” [source]
Google shares have doubled this year . They are up fourfold from their August 2004 initial public offering price.
To know the present value of Google Shares click here.
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