In scanning through the flyonethewall.com this evening, I couldn't help but to notice this entry... Wow, no doubt premised on Goldilocks still being perky and not a tired old hag.
Google-GOOG initiated with a Buy & $650 target@CANT
Cantor believes Google will continue to benefit from the secular shift of advertising and marketing dollars to the Internet and they see no signs of business hitting the "proverbial wall." :theflyonthewall.com
It was just the other day that I noted the bad chart formation of Google: http://buttonwood1792.blogspot.com/2006/12/while-i-was-out-goog-adbe.html
What I wonder about with respect to some of these pie in the sky buy recs is what type of organic growth or otherwise they're expecting out of Google. Perhaps in advertising and marketing there's room to grow, but in the area of traffic and searches, Google may be much further along than officially thought... Which may be good, but then again, not so good if there's no room for further growth. (Here's an eye opening perspective).
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