“Shares of Google (GOOG) are up more than 25% so far this year and the stock hit a new all-time high above $888 Tuesday morning,” Paul R. La Monica writes for CNNMoney.
“So naturally, many investors are not just wondering if Google will soon hit $900. They are fantasizing about a quadruple digit stock price,” La Monica writes. “After all, Google would “only” have to climb another 13% or so to get to $1000. (Google, you may recall, is planning to eventually split its stock. So it may not have this high of a price in the future. But the proposal is on hold for now due to a shareholder lawsuit about whether the split would give too much control to co-founders Larry Page and Sergey Brin as well as chairman Eric Schmidt.)”
La Monica writes, “But has Google’s stock run up too far too fast? Even though it seems like Google is invincible right now, weren’t investors saying pretty much the same thing about Apple (AAPL) just eight months ago?”
Read more in the full article here.
Andy Zaky: Apple stock at $1000 – why it’s time to buy – October 16, 2012
Apple stock may be worth $1000 a share to Peter Lynch – October 5, 2012
Piper Jaffray: 10 Apple strengths that lead to $1000 share price – May 25, 2012
How soon until Apple shares hit $1000? – February 27, 2012
Cody Willard: Apple shares will hit $1000 before 2015 – September 5, 2010
Reasons why Apple shares could go to $1000 or more – June 10, 2009