GO
Loading...

Google Is A $620 Stock, Says Analyst

Monday, 12 Oct 2009 | 5:31 PM ET

Shares of Google shot higher Monday after several analysts raised their price targets on the Internet giant.

Google's business is strong, and its stock is even stronger, says Thomas Weisel analyst Christa Quarles who raised the company's price target to $620 Monday.

Gaga for Google
Targeting prices for Google, with Christa Quarles, Thomas Weisel partner analyst.

“We were encouraged by CEO Eric Schmidt’s commentary when he said the worst is behind us,” explains Quarles on Fast Money. “We see Google as an early cycle recovery play… Google should be a beneficiary of any recovery that we see.”

And Quarles is hardly alone in her optimism. Separately JPMorgan and Goldman Sachs raised their estimates on the Internet search giant with Goldman’s price target going to $585 from $560.

With Google scheduled to report earnings on Thursday, how should you game this stock?

If you like this tape I’d be long Google, counsels Guy Adami.

I’m also a buyer of Google, ahead of earnings, reveals Joe Terranova. And I’d watch what they say about prices per click. Look to see if there’s stabilization after 4 quarter of declines.


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On October 12, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (BTU), (MSFT), (NUE); Seymour Owns (AAPL), (BAC), (F), (MGM), (MSFT), (BX), (POT); Seymour Owns Shares Of Gazprom; Finerman's Firm Owns (BAC), (BAC) Calls, (BAC) Call Spreads, (BAC) Preferred; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm Owns (CSCO), (MSFT), (TGT), (WMT), (YUM), (PLCE); Finerman's Firm Owns (WLP) Calls; Finerman's Firm Owns (UNH) Calls; Finerman's Firm Is Short (IJR), (MDY), (IWM), (UNG), (USO); Finerman's Firm And Finerman Own (WFC) Preferred; Terranova Owns (JPM), (NOV); Terranova Is Short (GRMN); Terranova Is Short (CCL); Terranova Owns Dec. 2009 Gold Futures; Terranova Owns Dec. 2009 Crude Oil Futures; Terranova Owns Dec. 2010 Crude Oil Futures; Terranova Works For (VRTS)

For JoeTerranova:
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (CAL)
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (DBA)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)

For Craig Berger
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (ONNN)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (INTC)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (BRCM)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (NVDA)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (MRVL)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (LLTC)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (MXIM)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (ATML)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (LSI)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (SLAB)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (MSCC)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (QCOM)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (ATHR)

For David Trone
FPK Or Affiliates May Seek Investment Banking Compensation From (GS) In Next 3 Months
FPK Or Affiliates May Seek Investment Banking Compensation From (MS) In Next 3 Months
FPK Or Affiliates May Seek Investment Banking Compensation From (JPM) In Next 3 Months
FPK Or Affiliates May Seek Investment Banking Compensation From (C) In Next 3 Months

For Christa Quarles
Thomas Weisel Partners LLC Or Affiliate Has Managed Or Co-Managed A Public Offering Of Securities For (GOOG) In Past 12 Months
Thomas Weisel Partners LLC Or Affiliate Has Received Investment Banking Compensation From (GOOG) In Past 12 Months
Thomas Weisel Partners LLC Or Affiliate Expects To Receive/Seek Investment Banking Comensation From (GOOG) In Next 3 Months
Thomas Weisel Partners LLC Or Affiliate Has Provided Or Is Providing Investment Banking Services To (GOOG) In Past 12 Months
Thomas Weisel Partners LLC Or Affiliate Expects To Receive/Seek Investment Banking Comensation From (YHOO) In Next 3 Months
Thomas Weisel Partners LLC Or Affiliate Has Provided Or Is Providing Non-Investment Banking, Securities-Related Services To And/Or Has Agreed To Provide Services Or Has A Client Relationship With (YHOO)



CNBC.com with wires

  Price   Change %Change
GOOGL
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report