anyone here who owns google stocks. its just shooting up up and up. just wondering whr its gonna land up from $100 levels a year back rite now its touched $540 +
Actually it was in the 400's a year ago. I can't see it going above 600 anytime soon. The current price shows that investors are very optimistic that Google will hit its growth targets for several years to come, and recent figures show that growth is slowing down. Google is still one of the strongest companies in the world, but I wouldn't count on their stock to skyrocket in value anytime soon.
I do not think they can keep the pace up and the stock will go lower when they miss the earnings. It could be months or a year but sooner or later they will not be able to grow at the rate they are right now.