Analysts raise Google price targets after strong results

Google signage seen at the company's headquarters in New York(Reuters) – Google Inc's stronger-than-expected results triggered a rush of stock price target upgrades on Wednesday, with several analysts saying the company was well placed to generate higher revenue from mobile advertisements in the longer term. Shares of the world's largest internet search company were set to open 5 percent higher on the Nasdaq. At least seven brokerages raised their price targets on Google Inc's stock, which has risen about 15 percent in the last six months to close at $ 702.87 on Tuesday when the company reported its fourth-quarter results. …


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