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

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.