Schwab Goes All Blodget on Google Shares

Some folks might say investors are getting a little too enthusiastic about Google's (GOOG Quote) stock.

But on Friday, one analyst asserted that the market is actually too fearful.

Calling Google underowned and underestimated, Schwab SoundView's Jordan Rohan initated coverage on Google with a $180 price target and an outperform rating.

That price, more than double the $85 price at which Google went public in August, represents a 26% increase from where the search-engine operator was trading Friday morning. Google's stock, which already has climbed 67% from its IPO price, was trading at $142.35 Friday, up 35 cents. ...