“Analyzing Safa’s $600 Google Target: “Ah, memories… So Safa Rashtchy of Piper Jaffray upped his Google price target from $445 to $600. Is he INSANE? No.” —Henry Blodgett
Safa Rashtchy is Henry Blodgett 2.0. You heard it here first. –says Charlie in Bubble 2.0
OK, how about Blodgett 1.0, The Original? In his aptly named blog, The Internet Outsider (it really should be The Internet Insider Forced Outside…) he first explains why he doesn’t own Google, and goes into detail on why he has to be very careful offering his opinion about stocks, since his regulatory settlement does not allow him to give investment advice. But then he goes on supporting Safa’s $600 call in a post that is as much about the subject matter as it is about himself and his famous $400 Amazon call.
Is there a split personality here? Well, it must be hard to walk the fine line between providing analysis and just posting his opinion … either way, it’s an interesting blog that I just subscribed to.
Update (1/04): Business Week Online: Google at $600? Welcome Back, Henry–Er, I Mean Safa
Tags: Google, Valuation, Stock Market, Analyst, Wall Street, Blodgett
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