Google stock hits new peak, analysts set lofty price targets

SAN FRANCISCO (AP) - Google Inc.'s high-flying stock hit a new peak Thursday, propelled by the widening belief that the online search engine leader can continue to grow as major advertisers shift more spending from traditional media to the Internet. 

After underestimating Google's robust earnings growth in its latest quarter, industry analysts substantially raised their future estimates in enthusiastic reviews that underscored Wall Street's deepening adulation for the Mountain View-based company, though some injected a note of caution.