Goldman Sachs expects Google's share price to rise to at least $620 this year

According to foreign media reports, the US investment bank Goldman Sachs estimates that, driven by the first quarter's outstanding performance, Google's share price will rise by at least 30% this year to $620.
Goldman Sachs rated Google shares as "Buy" (Buy), with a target share price of $620. As a matter of fact, Goldman Sachs's rating on Google's shares has been "buying" since it included Google's shares in research in November 2004 ". Anthony Noto, an analyst at Goldman Sachs, said in an investor report: "Google's first quarter performance is expected to meet or exceed our expectations, further enhancing investor confidence, this is an important basis for us to set Google's target share price to $620."
Google will release its April 20, 2007 financial report in first quarter of 2007. Noto predicts that Google's earnings per share for the first quarter will be $3.31. According to a Bloomberg survey, analysts expected earnings per share for Google for the first quarter to reach an average of $3.23. Noto said that Google's net revenue will grow by 55% this year as previous investments begin to return. For example, both Google Checkout and YouTube are expected to generate revenue, and ultimately will promote long-term growth of Google's performance. Analysts predict that Google's net revenue will increase by 13% this year.
Affected by this, Google's share price rose by $14.07 on Nasdaq on Tuesday, with an EIP of $472.60, an increase of 3.07%.