This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

$1,000 Google? Sure, but Why Bother?

Five hundred Google. Six hundred Google. Seven hundred Google.

Are we going to see $1,000 Google (GOOG)?

Why not? After all, isn't the sky the limit? Sandeep Aggarwal, an analyst at Oppenheimer & Co., just raised his price target for the stock yesterday to $850. So I figure I'd go to four figures.

And Wall Street always likes a big round number. Dow 10,000. Nasdaq 5,000, oil $100.

Google hit a new record of $736 yesterday. It's been gaining an average of about $5 a day since it started taking off two months ago. By my calendar, it's on track to hit the big $1,000 in the last week in January. You want to take the over or the under?

If everyone piles on, it could of course get there much sooner. A self-fulfilling prophecy.

So what would $1,000 Google look like?

That stock price would give this nine-year old company a market value of around $310 billion. That's still smaller than the likes of Exxon (XOM), at $486 billion, and General Electric (GE) at $412 billion. And it's still slightly behind Microsoft (MSFT) at $344 billion.

But at $1,000 a share, Google would be worth more than veteran drug giants Merck (MRK) and Pfizer (PFE) together. It would be worth twice as much as Apple (AAPL).

That's some baby.

But the company's soaring stock market fortune raises one big question: What sort of long-term return can the shares offer from these levels?

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
GOOG $535.38 2.16%
AAPL $127.60 2.28%
FB $83.09 2.87%
TSLA $205.27 -0.74%
YHOO $44.66 0.46%


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs