Is Google's Growth Worth The Price?
by Bill Maurer
Shares of Google (GOOG) recently topped the $800 mark, and at Friday's close of $806.19, were less than $2 from the 52-week high. Google shares have done quite well in recent months, up nearly 45% since the middle of June 2012. Google shares appear to be going to the moon, with Apple (AAPL) shares dropping to 52-week lows. The question today is if Google's rally mirrors Apple's rally, and we are close to topping out. We are seeing some similar signs, including the multiple $1,000 price targets on Google, which reminds me of the $1,111 price target on Apple. Boy did that turn out foolish. Google is showing more growth right now, but trades at an enormous premium. So is Google's growth worth the price? Let's take a look. read more »
Get Seeking Alpha notifications with our iPhone App | Android App
More on GOOG
Google Stole Apple's Mojo by Ashraf Eassa
Google: Investing In Its Long-Term Mobile Strategy by Marshall Hargrave
Is Google's Financial Position Flying High Like Its Share Price? by David Schauber, Jr.
Other articles that mention GOOG
The Monday Morning Quarterback by Brian Nichols
Wall Street Breakfast: Must-Know News by Wall Street Breakfast
An Open Letter To Streaming Vendors: Adapt And Overcome by Dan Rayburn
Why are you receiving this? You subscribed to real-time article alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following GOOG: unsubscribe from all GOOG email alerts
This type of alert isn't helpful to me: unsubscribe from article alerts on GOOG
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001
No comments:
Post a Comment