Google (GOOG) is now heavily undervalued, Piper Jaffray says. Yesterday's strong Q2 will force...

|By:, SA News Editor

Google (GOOG) is now heavily undervalued, Piper Jaffray says. Yesterday's strong Q2 will force investors to credit Google with at least 20% revenue growth next year - the hurdle for a growth stock. Firm notes Google has made "a concerted effort to focus on improving ad quality and click through," and boosts price target to $750 from $673.