Google search share grows, $900 target price
David Johnson November 23rd, 2007
Comscore has recently issued a report that shows Google making big gains in search in the past month to 58.5 percent in share, outdistancing all the other big search sites by a long shot, all of whom happen to be growing. Another Comscore report shows that Yahoo beat Google with the most unique visitors in the same month. Credit Suisse has set an astronomical $900 price target on Google, a new Wall Street high, on the basis that Google is set to monopolize search, while Yahoo is currently trading in the high twenties, at an equivalent or lower price than many newspaper stocks.
4 Comments Add your own
1. tdc | November 23rd, 2007 at 8:32 pm
unless and until there is a breakout for what each site is doing (forget rolling up 500 newspapers in “yahoo! sites”) uniques will continue to be a poor way to measure anything.
besides, methodologies differ and the results are wildly different from firm to firm. seems to me that the ones you HIRE can deliver the numbers you want.
all in all, the stock market answers your question every day.
2. Anonymous | November 26th, 2007 at 7:26 am
You can’t just compare stock prices of different companies as though that tells you relative worth. Yahoo has 1.34 billion shares outstanding, while Scripps, for example, has only 163 million. So even though Yahoo is around $26/share and Scripps is around $44, Yahoo is worth $35 billion, while Scripps is worth only $7.25 billion.
3. tdc | November 26th, 2007 at 12:33 pm
yes, and buying puts both scripps and yahoo would be a very wise investment strategy.
4. tdc | November 26th, 2007 at 12:35 pm
ooops!
that should have read- buying puts ON scripps and yahoo…
sorry!
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