Steve Ballmer’s Wall Street roadshow hasn’t yet dimmed Merrill Lynch’s enthusiasm for Google.
The firm’s Internet analyst, Justin Post, today reiterated his $490 price target for Google stock and said the stock has “30% potential upside to our price objective as the company remains the dominant leader in search.”
Expect more financial news from Google. As a sort of counterpoint to Ballmer’s spiel, Google is having a conference call with investors today. Around 11 a.m. today the stock was up $2.93 to $374.88.