Investing
Analysts Likely To Revisit Google Price Targets (GOOG)
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Now that Google (NASDAQ:GOOG) has crossed that $700 threshold, there are some analysts that are going to have to either raise thair targets or make other calls on the stock. We noted before what a $700 GOOG stock is valued as.
Here was a full list of the Google price targets from analysts after they all raised estimates and targets, and we still want to know when the first $1,000 target will be issued from Wall Street.
The highest target at the time was $800, but it is growing quite obvious that some updated calls may already be in order. Google has also been a beneficary of window dressing as today marks the year-end for most mutual funds.
The volatility is still fairly high with a $700 straddle for a November expiration still priced north of $36.00.
Jon C. Ogg
October 31, 2007
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