NEW YORK (TheStreet) -- Shares of Google Inc. (GOOG) are up 3.98% to $603.94 in pre-market trading on Friday after several analysts upgraded their rating or price target on the Internet giant as second quarter revenue rose 22% to nearly $16 billion, from a year ago.
JPMoragan (JPM) raised its price target to $670 from $645 and reiterated its "overweight" rating.
Deutsche Bank (DB) raised its price target to $645 from $625 and reiterated its "buy" rating.
BMO Capital Markets (BMO) raised its price target to $600 from $525, and slightly boosted 2014 earnings per share to $26.00 from $25.15. BMO also boosted 2015 earnings per share to $31.00 from $30.03.
Canaccord Genuity (CCORF) boosted its price target to $715 from $700 and reiterated its "buy" rating.
Cantor Fitzgerald raised its price target to $650 from $630 and reiterated its "buy" rating.
Separately, TheStreet Ratings team rates GOOGLE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOOGLE INC (GOOGL) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet's Kathryn Mykelseth has details on Google's Q2 results:
WATCH: More tech videos on TheStreet TV
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV