Credit Suisse Reiterates Outperform rating, $1,000 PT on Google as Enhanced Campaigns, PLA Adoption Propel Top-Line Growth

In a report published Monday, Credit Suisse analyst Stephen Ju reiterated an Outperform rating and $1,000.00 price target on Google GOOG. In the report, Credit Suisse noted, “We maintain our Outperform rating on GOOG shares as well as our DCF-derived price target of $1000. Over the longer term, Google remains one of the best-positioned in our space to reap the benefits of the proliferation of connected devices. We therefore remain optimistic on Google's ability to achieve our mid-teens revenue growth forecasts, particularly within the context of the disruptive nature of smartphones and tablet adoption.” Google closed on Friday at $871.99.