GOOG had a strong session on Thursday, trading up almost 3% to close at 382.62 after Pipar Jaffray analyst Safa Rashtchy issued a bullish note about the company. Pipar Jaffray maintained their $600 price target and Outperform rating on the stock following the company’s conference call session, saying that the company had communicated a message of continued execution on its expansion strategy with success in most areas. The analyst said that GOOG seems intent on continuing to invest in its infrastructure and find new partnerships for distribution, which should provide a solid foundation for GOOG’s business going forward. GOOG closed at $382.62 on Thursday.
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