Google "buy," target price raised

10/22/07 - UBS

NEW YORK, October 22 (newratings.com) - Analysts at UBS maintain their "buy" rating on Google Inc (GOOG). The 12-month target price has been raised from $655 to $760.

In a research note published this morning, the analysts mention that the company has reported its 3Q07 results ahead of expectations. The upward revision in the target price reflects Google’s accelerating revenue growth and increased confidence in the company’s ability to execute, the analysts say.