Google Search Book : Wall Street analysts still gaga over Google

A handful of analysts increased their first-quarter and fiscal 2006 earnings estimates for Google, while all but one of seven analysts issuing research notes maintained their "buy" recommendation on the search giant.

"Missing one quarter has a short shelf life, especially since they are fundamentally growing and expanding their profits each quarter," said David Dropsey, a research analyst at Thomson Financial. "The people who are trading in Google care about its future earnings."

Six out of 32 analysts have updated their earnings estimates for Google, bumping up their forecast to $2.06 a share for the first quarter from $2, according to Dropsey. And for its fiscal year, analysts now expect the company to generate $8.98 a share--up from previous estimates of $8.79.

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