
Google broke through $700 a share in trading today, closing at a record high of $707, just over 3 weeks since breaking through the $600 mark.
Google did have the benefit of a surging NASDAQ; the exchange favored by tech stocks closing up 42.41 pts or 1.51% after the Fed cut US interest rates by 25 basis points to 4.5%. A range of analysts including Goldman Sachs, Credit Suisse and others feel optimistic about GOOG's outlook, including Google OpenSocial and Google phone, and they have raised their target price for GOOG stock to $800 and above.
Should we expect Google climbs to $800 per share a couple of months later?
Impossible is Nothing.
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