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Google shares close above $900 for first time, market cap at over $300 billion

Published May 15th, 2013 4:00PM EDT
Google Share Price: $900

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Google’s shares continued to rise on Wednesday in the wake of the Google I/O conference, closing at over $900 for the first time and giving the company a market cap of over $300 billion for the first time in its history. The company’s stock value has been increasing at a rapid pace all year, growing from the low $700 range at the start of 2013 to the low $900 range by the end of trading on Wednesday. The continued rise in shares Wednesday was somewhat curious given that Google didn’t unveil a new Nexus tablet or a new version of Android at I/O this year as many had been expecting. Some analysts have slapped the company with a $1,000 price target in recent months and it appears that it has a legitimate shot of hitting that target now that its shares have surged past the $900 mark.

Brad Reed
Brad Reed Staff Writer

Brad Reed has written about technology for over eight years at and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.