Kaufman Bros raises their GOOG tgt to $690 from $650 saying U.S. holiday online sales were strong, even at the tail end of the season. Firm says continued strength was a surprise, especially as retailers had front-loaded offers, now the upside is certain. Firm says eCommerce spend accelerated to 12% Y/Y growth season-to-date per comScore; MasterCard estimate is 15% Y/Y and Google should benefit from eCommerce strength.
Added by ken flagg on December 27, 2010 at 9:26am —
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