Google’s stock touched $127.40

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Google’s stock touched $127.40 before finishing the Nasdaq session up $8.60, or almost 7.3 percent, to $126.86 — a gain of almost 50 percent from the company’s mid-August initial public offering price of $85. It was second on the Nasdaq’s net gainers list for the day.

Analysts for Morgan Stanley and Credit Suisse First Boston, co-lead underwriters on the Google IPO, initiated coverage with ratings of “overweight” and “outperform,” respectively. CSFB set a price target of $145.

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