Google Stock Higher
Oh boy, here we go.
Looks like the analysts are trying to stay one step ahead of each other with their price targets for Google’s stock price.
Yesterday, Piper Jaffray bumped their price target to $600, today it is Bear Stearns turn with an increased price target from $360 to $550.
My question is “what took so long before the price target is increased?” If the previous price target was $360 and the stock passed that mark more than two months ago … why the delay?
I get nervous when these things happen. If you want to know why, read my comments about what happened to Qualcomm when some young hot-shot analyst gave a price target for QCOM.
Anyways, we might as well enjoy this as these price targets tend to become self fulfilling.
