Google stock closes at another all-time high

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

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28 Comments

1. jroc74

Posts: 6023; Member since: Dec 30, 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.

2. alltechinside

Posts: 248; Member since: Apr 21, 2013

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

26. Shaznek

Posts: 43; Member since: Apr 18, 2013

Putting ads in the web is innovation?

28. bipinm

Posts: 124; Member since: Oct 07, 2012

Adding "S" after a number is innovation

3. techguy22

Posts: 227; Member since: Aug 09, 2012

thats pretty amazing

4. Aeires unregistered

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

5. p0rkguy

Posts: 685; Member since: Nov 23, 2010

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

20. bucky

Posts: 3790; Member since: Sep 30, 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.

13. moroninc

Posts: 193; Member since: Jul 14, 2012

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

6. Whateverman

Posts: 3295; Member since: May 17, 2009

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

27. jroc74

Posts: 6023; Member since: Dec 30, 2010

Google and Apple.

7. yyuu1000

Posts: 260; Member since: Jul 26, 2012

wow google congrats

8. hitmantb

Posts: 79; Member since: Jul 26, 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.

10. tedkord

Posts: 17413; Member since: Jun 17, 2009

Um, it says that in the article.

11. tedkord

Posts: 17413; Member since: Jun 17, 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?

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 .

24. tedkord

Posts: 17413; Member since: Jun 17, 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.

15. kozza3

Posts: 778; Member since: Oct 17, 2012

itard? i kid.... :P

18. jroc74

Posts: 6023; Member since: Dec 30, 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....

9. yyuu1000

Posts: 260; Member since: Jul 26, 2012

watch an apple troll is going to comment something bad

21. bucky

Posts: 3790; Member since: Sep 30, 2009

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

12. darkkjedii

Posts: 31303; Member since: Feb 05, 2011

Google is killing the game rite now.

14. TROLL

Posts: 4851; Member since: Apr 13, 2012

Darkā„¢

17. darkkjedii

Posts: 31303; Member since: Feb 05, 2011

Hey Troll whatup bro

16. mydi.maus unregistered

ok GOOGLE it time to release NEXUS 5.

22. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

And Key Lime Pie!

23. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

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

25. funnyguy

Posts: 244; Member since: Jan 10, 2013

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

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