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Watch Investors Go Ga-Ga Over Google
It seems a stretch to think Google’s going to hit Henry Blodget’s bullish, link-baiting $2000 target any time soon but it’s not difficult to think $700 could happen in the near future (e.g. perhaps before Halloween) after the company’s third-quarter results surpassed the expectations of all those number-crunching analysts by 16 cents a share, or 5%, while revenue jumped 57% to $4.23-billion.
Yeah, I hear what you’re saying – posts like this will only fuel the fire but investors are already excited enough about Google without get any more inspired by the blogosphere. As long as Google’s operating costs don’t become too much of a concern, and the online advertising market stays healthyenough for Google to get more than its fair share, Google stock will stay hot.