Credit Suisse Reiterates Outperform Rating, $847 PT on Google

In a report published Monday, Credit Suisse Group reiterated its Outperform rating and $847.00 price target on Google (NASDAQ: GOOG).

Credit Suisse noted, “We remain optimistic on the company's future positioning and ability to achieve our mid-teens revenue and growth forecasts, particularly within the context of the disruptive nature of smartphones and tablet adoption (as highlighted in GOOG: High Conviction on Estimates; Higher Conviction on Mobile Future). As such, we maintain our Outperform rating and $847 price target.”

Google closed on Friday at $739.99.