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Google(GOOG Quote) got another pat on the back Thursday as the big search engine closes out another spectacular market year for its shares.
JMP Securities raised its 12-month price target on the stock to $575 from $400. Google shares, which have doubled this year and are up fourfold from their August 2004 initial public offering price, rose 76 cents to $427.09.
Analyst William Morrison now appears to have the highest forecast of Google's share price of any analyst covering the company. The most bullish price targets for Google until now have been $500. Six analysts have raised their price targets on the shares since it hit $400 on Nov. 17. ...
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