Analyst: Google will reach $630 this year

01/5/2007 | MSNBC

Although Google failed to come close to reaching his $600-a-share prediction last year, Piper Jaffray analyst Safa Rashtchy is thinking even bigger for 2007, raising his projection for the search giant to $630 a share. He blames weaknesses in the Internet sector, not within Google, for the 2006 performance of the company's stock, which rose about 6% to close the year at $460.48.

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