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Mad Money Mailbag: Google Bound for $450

TheStreet.com Staff

Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EDT on CNBC.

Is Google(GOOG Quote) too expensive over $300?

-- Joe from Michigan

James J. Cramer: I believe that Google can earn at least $9 a share in 2006. Based on a 50 times earnings multiple, because of its unmatched growth potential, I now believe the shares can see $450 over the next 12 months.

I love the show. What are your thoughts on Cendant(CD Quote)?

-- Dan from New Jersey

James J. Cramer: This is a stock I own for my charitable trust, ActionAlertsPLUS. While the stock appears very inexpensive at just 11 times earnings, it remains in Wall Street's doghouse. If one has patience, I believe that management's strategy to split the company into four units will unlock shareholder value.