Google to gain from growing mobile focus - analysts

Posted in: Mobile & Wireless at 15/10/2011 15:17

Analysts cheered Google Inc's quarterly results and set a target of as much as $720 on the stock -- suggesting a near 30 percent rise from current levels -- and said the Internet search giant could emerge a "top mobile play."

On Thursday, Google reported a 26-percent rise in third-quarter earnings -- ahead of market estimates -- helped by growing online ad market and sharper research focus.

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