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Google Could Post 'Meaningful' Q2 Upside

...says Piper Jaffray

8:39 pm on Jun 1, 2006 (gmt 0)

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Piper Jaffray maintained an "outperform" rating and $600 price target on Google following the company's conference call session, which was part of a new effort to provide the financial community more access to management.

"We believe the company communicated a message of continued execution on its expansion strategy with solid success in most areas," wrote analyst Safa Rashtchy in a report Thursday.

Rashtchy believes the most important takeaway is that Google will continue to invest heavily in its technology infrastructure and aggressively pursue partnerships for distribution.