Google's Glass Ceiling Is Upward Of Its $1000 Target Price
by Markos Kaminis
The $1000 price target assigned to Google (GOOG) shares last week by Sanford C. Bernstein and CLSA is a curse according to CNBC's Jim Cramer. He jokingly said receiving the $1000 price target was akin to the jinx of appearing on the Sports Illustrated cover. That's because the two other companies receiving $1000 price targets were Qualcomm (QCOM) back in the days of dotcom and telecom glory and more recently Apple (AAPL). Obviously, neither of those two firms realized the $1000 dream, at least not yet. So you would think the same fate might await Google. However, I suspect the $1000 price target could prove conservative for Google, and for a few good reasons. Google's Internet presence is awesome and its Android mobile operating system established. What comes next could mix the two in a manner consumers cannot resist. read more »
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