Google’s share price could rise to $2,000, says the Daily Telegraph.
The Telegraph quotes Caris & Co, a US stockbroker, saying that Google shares had the potential to climb faster with the launch of digital services. Those shares closed at $465 on Friday after the company announced its online video library.
More from the Telegraph:
[…] Google floated two years ago at $80 a share. If its stock does rise as Caris forecasts, it will be worth $400bn (£225bn) and overtake General Electric to become the most valuable company in the world. Mark Stahlman, an analyst at Caris & Co, said: “We believe Google’s addressable market has a chance to become much larger, more quickly than initially anticipated. . . [it will be] perhaps a $100bn annual sales company over time.”
Goldman Sachs last week raised its share price target for Google to $500. Google pays no dividend and at current levels its stock is rated at 100 times earnings.
Does anyone think Googlezon is pure imagination?