Google GOOG Stock Targeted at $600
Add this Google stock report to the “why didn’t I buy it at $85″ file.. Google stock – GOOG, which is currently skyrocketing at $426 per share, has been predicted to reach a value of $600. Piper Jaffray increased the Google price target today to $600. The previous price target was a $445.
Piper says that Google is its top “large-cap pick in the new year”. Perhaps this has something to do with the Google PC rumors which have hit the market with plans that Google is about to announce a low cost Google PC distribution deal with Wal-Mart and other national retailers.
“Although such a high multiple may seem aggressive, we believe that given Google’s dominant position in an already large yet still rapidly growing market, its phenomenal brand power, and its status as a technology leader justifies such a valuation,” Piper said.
you better sell your google stock because it will tumble down to half the price in mid 2006 due to more intelliegent search engines which will make google look like a grand ma.
Yes! Of course, important stock advice from the world-famous search engine programmer and international financier, Satish Nayak. I’m calling my broker!
This is really true — one of the software engineer of Google’s crawl/index team told me that he had been wondering the Google search engine would crash sooner or later.