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October 5, 2007
Google Price Targets Creeping Upward
I remain amazed at many observers' amazement at the inevitable climb in Google share price targets. Today we have Drew Peck at Bear Stearns putting a $700 target on the stock, and it is inevitable that a major equity analyst will put a $1,000 target on the stock -- joining me -- before the end of the year.After all, at $700 the stock would be priced at 36 times consensus 2008 earnings estimates, a profit number that is almost certainly too low, and something like 20 times 2009 figures. All of this, of course, on a company still growing revenues more than 50% year-over-year, and with more than a few potential surprises -- like mobile, video, and, yes, a Yahoo breakup -- that could take things much higher.








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