Google worth $600 a share?

By on Jun 27, 2007 at 4:50 PM
News June 27, 2007

Does anyone remember the late ’90s? You know, when the bottom fell out of the tech industry? It looks like Google never got the memo, as the company’s stock is quickly approaching $600 a share. The shares hit an all time high of $535 each, which is a full 529% than their IPO price just 3 short years ago. The stock price has increased by 15% during 2007 alone. My, how things have changed. As if the current sky-high price wasn’t enough, a respected Wall Street analyst William Morrisson seems to think that the market is currently undervaluing Google. Morrisson’s calculations, along with those of many of his WS collegues, estimate Google’s actual value at something close to $635. Good lord. If only we had a time machine….

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11 Comments

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  • mikeyp

    the difference if the piles of cash that they have sitting in the bank and the continued stream of ad revenue they keep piling on. The dot com bubble was alot of companies that were barely making it at best.

  • Avi

    Its dropping today. Yesterday it was heavenly. It was up almost 10.00 p/share.

    Its down now to 526+-

    Should go up soon.

    Funny…google shares will be funding my Apple expenses of almost 3000.00(phone, plan, accessories) for 2 years.

  • HR

    You’re not making sense here.

    Google has record setting profits, margins and growth.

    Dot Com boom companies never turned a profit. It was all hype, IPOs and VC hype.

  • Jake

    BGR stick with phones, and leave the wall street guru stuff to the, you know gurus.

  • Eddie Dollaz

    Aint it sad? We’re sitting here anticipating and waiting like starving dogs for the release of an 800 dollar phone….but most of us dont have enough sense to go buy a share or 2 of some stock. HTC is on the chinese market, I bet thats gonna make some people a lot of money because they have very promising products and windows mobile just keeps getting better and better…

  • Ari

    Um, if you look at their P/E, the Price to Earnings ratio, it is relatively low, while not at the level of some of the Blue Chips, it is still a cheap phone, relatively. Considering it has never split, it’s not a bad price for a company that is still growing lots.

  • chris

    Hey BG I think having all sorts of techie news is great for the site.

    Google is taking over the world!!

  • victor

    I wish I had bought them at some point before.

  • Jeff B.

    Ya know I knew that this would happen ‘cuz I wanted to buy it when it was at like $86 when it first came on but no, my parents told me it wouldn’t do anything and it was too expensive. Well ma, WTF?!?!?!!??!?!?!?!?!?!?!??!!?

  • name

    ummm 99% revenues are from advertising. how is this not a bubble? lets hope for a recession so google can go away like flooz and beenz.

  • mikeyp

    what do you think that the stockpile of cash will just disappear? yes they have and will make alot from ads sales, they buy ad companies right now that compete, again the bubble companies never made money, therefore they went broke, yahoo and amazon made it because they made atleast enough to stay afloat (amazon), google is making huge money, much much different scenario. Their ad revenue will not dry up, it makes site owners money as well.

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