Google is becoming the new Apple of Wall Street’s eye

Google Stock Price Target $1,100

With Google delivering better than expected earnings this week, it’s now time for tech market analysts to dish out more sky-high price targets for the company. Per Benzinga, the most bullish rating so far comes from Topeka Capital, which in 2012 assigned Apple shares what now seems like a ridiculous $1,111 price target. In its latest research note, Topeka now gives Google shares a $1,100 price target based on the fact that Google has become “the gold standard in online advertising and an innovator in technology.” Of course, assigning a $1,100 price target to Google shares isn’t as outlandish as doing the same for Apple: While Apple’s share value never went much higher than $700, Google’s shares have been in the $1,000 range ever since the company reported its earnings on Thursday afternoon.

Source:
Benzinga
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