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Google stock closes at another all-time high

Posted: , by Michael H.

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Google stock closes at another all-time high
We just heard that Apple's stock, which has dropped quite a bit recently, may be looking up again. But, no matter how high it looks, it isn't very likely to catch up with Google's stock, which closed the day today at another all-time high. Google stock has been no stranger of high altitude. It crossed the $700 mark around the same time that Apple's stock did last September, but until Apple's stock, Google's has continued to rise.

Google's stock closed today at a new all-time high of $861.55, and there are analysts who believe that $1,000 isn't an impossible feat for Google's stock. Back in February, when Google's stock first hit $800 a share, there were at least two analysts who put Google's 12-month target at $1,000. Of course, it should be noted that there were analysts in 2012 who also thought that $1,000 was possible for Apple. 

Overall, analysts are much more confident that Google will benefit from the mass adoption of smartphones, even if they aren't Android devices (more people on the web means more eyeballs on Google ads, of course.) And, it doesn't seem too far off that Google's stock could hit $900.

Although while Apple can't expect to catch Google in terms of stock price, Google shouldn't expect to catch Apple in terms of market cap, which has Apple in a clear lead with a $433.1 billion market cap. This latest bump has put Google's market cap ($285.8 billion) just above Microsoft ($281.9 billion), which means Google is now the second most valuable tech company in the world. 

source: BGR

28 Comments
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posted on 06 May 2013, 18:40 9

1. jroc74 (Posts: 4732; Member since: 30 Dec 2010)


Of course, Google pushing close to 900 a share won't be the bigger story. Amazing for Google considering where they started and what they do.

posted on 06 May 2013, 19:04 11

2. alltechinside (Posts: 239; Member since: 21 Apr 2013)


Congrats to Google. That's how you do it Apple, INNOVATE.

posted on 07 May 2013, 11:53 1

26. Shaznek (Posts: 43; Member since: 18 Apr 2013)


Putting ads in the web is innovation?

posted on 08 May 2013, 05:26

28. bipinm (Posts: 122; Member since: 07 Oct 2012)


Adding "S" after a number is innovation

posted on 06 May 2013, 19:09 5

3. techguy22 (Posts: 226; Member since: 09 Aug 2012)


thats pretty amazing

posted on 06 May 2013, 19:21 6

4. Aeires (unregistered)


Considering how much they give away for free, that's awesome.

posted on 06 May 2013, 20:17 1

5. p0rkguy (Posts: 683; Member since: 23 Nov 2010)


What they're giving away, isn't really a loss.
They break even on tangible stuff, then gain from their services.

posted on 06 May 2013, 21:48 1

20. bucky (Posts: 1401; Member since: 30 Sep 2009)


You think they're giving away for free. Google will continue to gather every bit of information about everyone they can-that's where the real money is.....nothing is free.

posted on 06 May 2013, 21:10 2

13. moroninc (Posts: 178; Member since: 14 Jul 2012)


yeah they make almost nothing out of the hardware (AKA Nexus). Kudos

posted on 06 May 2013, 20:24 3

6. Whateverman (Posts: 3198; Member since: 17 May 2009)


Wow, wish I had gotten in on some of that back in the day. Congrats Google!

posted on 07 May 2013, 16:12

27. jroc74 (Posts: 4732; Member since: 30 Dec 2010)


Google and Apple.

posted on 06 May 2013, 20:26 1

7. yyuu1000 (Posts: 152; Member since: 26 Jul 2012)


wow google congrats

posted on 06 May 2013, 20:26 1

8. hitmantb (Posts: 27; Member since: 26 Jul 2012)


The writers on Phone Arena have no idea how stock market works.

The stock price itself has nothing to do with how much a company is worth. Apple even after the recent losses is significantly more valuable than Google as a company. Heck Microsoft at $32 is worth as much as Google.

It is called the market cap, look it up. You can either have 1 share of your stock at $100000 or 10000 shares at $10, it is the same thing.

posted on 06 May 2013, 20:40 7

10. tedkord (Posts: 4734; Member since: 17 Jun 2009)


Um, it says that in the article.

posted on 06 May 2013, 20:54 2

11. tedkord (Posts: 4734; Member since: 17 Jun 2009)


Another way in which the stock market works is fluctuations in share price based on public perception of the company's performance. In the case of tech companies, perception of innovation. Now, which company does the public see innovation from the past year?

posted on 06 May 2013, 21:45

19. Hemlocke (unregistered)


"Public perception"? It is supposed to be based on tangibles like performance, but it hasn't been for years because the traders and Wall Street firms don't mind gambling with the money of others. All you need to do is look at the last few years. Any market that rewards the likes of Google and Amazon for "perception" is doing investors a grave disservice. Google's O/E isn't bad, but it is nowhere nea4 Apple's, and Amazon's just sucks. P/E used to be important, but why bother investing based onmeasurables when bailouts are around every corner .

posted on 06 May 2013, 22:29 3

24. tedkord (Posts: 4734; Member since: 17 Jun 2009)


Its perception of innovation. In that regard, Apple has looked stagnant the last 3 years, while Google hasn't

You can go all the way back to the internet bubble in the 90s to know that stock price has no basis in the real world. Its all perception. When a company reports billions in net profit for a single quarter, and the market punishes it, something stinks.

posted on 06 May 2013, 21:17 2

15. kozza3 (Posts: 574; Member since: 17 Oct 2012)


itard?

i kid.... :P

posted on 06 May 2013, 21:31 1

18. jroc74 (Posts: 4732; Member since: 30 Dec 2010)


Seems you have no idea how to read an entire article....

Its in the very last paragraph.....kinda hard to miss unless you dont read the whole article....

posted on 06 May 2013, 20:27 1

9. yyuu1000 (Posts: 152; Member since: 26 Jul 2012)


watch an apple troll is going to comment something bad

posted on 06 May 2013, 21:49 2

21. bucky (Posts: 1401; Member since: 30 Sep 2009)


Not likely, it's pretty obvious this site is full of android fans.

posted on 06 May 2013, 21:01 4

12. darkkjedii (Posts: 11218; Member since: 05 Feb 2011)


Google is killing the game rite now.

posted on 06 May 2013, 21:12 1

14. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Dark™

posted on 06 May 2013, 21:27 2

17. darkkjedii (Posts: 11218; Member since: 05 Feb 2011)


Hey Troll whatup bro

posted on 06 May 2013, 21:19 3

16. mydi.maus (unregistered)


ok GOOGLE it time to release NEXUS 5.

posted on 06 May 2013, 21:58 1

22. xperiaDROID (Posts: 5404; Member since: 08 Mar 2013)


And Key Lime Pie!

posted on 06 May 2013, 22:00 1

23. xperiaDROID (Posts: 5404; Member since: 08 Mar 2013)


Congratulations Google! You deserve it! See Apple, see why Google is better than you, because they have INNOVATION!

Congrats to Google! :D

posted on 07 May 2013, 03:34 1

25. funnyguy (Posts: 234; Member since: 10 Jan 2013)


If you support PIRACY like google does then you will make some money....

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