$600 for a share of Google stock?
Cory Bergman October 20th, 2006
With Google’s earnings announcement, analysts scrambled to raise their targets on Google stock, which closed at $459.67 today. The most aggressive target? $600 a share. Google’s stock closed up 7 percent today, adding about $10 billion to the company’s market value in a single day.
4 Comments Add your own
1. Anonymous | October 20th, 2006 at 5:05 pm
This demonstrates why the $1.65B deal to buy YouTube was no big deal; it was purchased with Google’s ridiculously inflated stock. The next AOL TIme Warner.
2. Safran | October 21st, 2006 at 10:37 am
At what point do you split the stock?
3. Eddie Daroza | October 21st, 2006 at 11:06 am
Good ques. Steve. GOOG will prob. never split, if the founders stick to their words in the prospectus. Think BRK. GOOG is so not the next AOL. AOL is a crappy business, GOOG gains market share everyday.
4. themanhattanchannel | October 21st, 2006 at 4:29 pm
google’s share price is their one weak spot…their achille’s heel.
goog is web 2.0’s poster child.
call me a conspiracy theoretician here, but this may be the only way the nets can put an end (however temporary) to this mad rush to the net.
did they not already say they were working together on a response to the threat you tube posed to their ip?
since it is evident they can’t beat them in the business world (goog profits up 92%, nbc lays off 700), turning to the courts, which will take years the nets don’t have to sort things out, is iffy at best, what would take the wind out of goog’s sales (sic)???
how about shorting the stock? with the help of wall street (remember them? they are in the business of protecting american institutions) the matter could be the simple deflation of the web 2.0 bubble using the shares of its poster child.
if i were eric, serg, larry or any goog director or officer i would not only jaw bone the stock but i would out-and-out trash the current share price. so what if it lost $100 a share in one day because of it? far as i recall, it came public at $80 (without the help of wall street underwriters).
they’d be doing it for all the right reasons… to keep the 2nd internet bubble alive.
don’t underestimate the power of a handful of wall street pros…they ARE the market.
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