Google's shares are on the rise following a strong earnings report yesterday.
In early trading, Google's shares jumped more than 5 percent to $740.37. The company's stock price closed the day at $702.87 yesterday.
Google's share jump is due in part to Google's strong fourth quarter. The company beat analyst expectations during the period and posted a $2.9 billion profit on $14.4 billion in revenue. That performance helped Google post its first $50 billion revenue year.
It didn't take long for a slew of analysts to chime in on Google's performance and up the company's 12-month target price.
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A wide array of analysts, including those from J.P. Morgan, Morgan Stanley, and others, increased their price target, saying that they believe Google will have an even stronger... [Read more]
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