The irrational exuberance that surrounded Apple shares last fall has apparently shifted over to Google. Google shares closed trading on Monday at an all-time high of $861.55, giving the company a total market cap of $285.8 billion. The surge in its share price Monday has left Google as the world’s second most valuable tech company, edging out Microsoft’s $281.9 billion market cap but still significantly trailing Apple’s $433.1 billion market cap. The rise in Google’s shares over the past few months has led to several analysts assigning the company’s stock a $1,000 price target based on optimism that the success of its Android platform will spread Google services to a wide range of markets throughout the world.
Google shares close at all-time high of $861.55
Published May 6th, 2013 4:45PM EDT
If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.
This article talks about:
Google
Brad Reed has written about technology for over eight years at BGR.com 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.
