NEW YORK (MarketWatch) -- Analysts at
Barclays hiked their price
target for
Google Inc. by $50, to $850 a share, on Wednesday following the tech firm's results. "The strength of core Google's quarter pleasantly surprised us as paid click growth was buoyed by traction for mobile and Android, emerging markets clicks and the positive impact of Google's web service offerings," analysts said. Google's earnings of $10.65 a share beat their target by a nickel, analysts said. Barclays reiterated their overweight rating on Google. Shares of Google rose 5% in premarket trades. Google released its quarterly results late on Tuesday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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