Google's Price Target Taboo
- Loading Comments...
Like the greats of baseball, former stock analyst Henry Blodget will forever be associated with a number that has nothing to do with a uniform. DiMaggio: 56. Ruth: 60. Aaron: 755.
Blodget: 400.
Unlike those greats, however, Blodget's number -- the price target he infamously put on Amazon.com(AMZN Quote) in December 1998 -- carries a tinge of notoriety, an asterisk that bursts like a firecracker into a larger, less triumphant story. Blodget's bold call inaugurated an era of the stock market that many investors have since labored to rub out of their memories: His $400 price target smashed a champagne bottle on the ill-fated S.S. Dot-Com Bubble. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,337.05 | 1,095.94 | 2,183.73 | 34.23 |
Oil *
72.45
|
|
UP
51.08
|
UP
4.01
|
UP
10.74
|
UP
0.31
|
10 Yr
3.42%
SPDR Gold
110.84
|
|
+0.50%
|
+0.37%
|
+0.49%
|
+0.91%
|
Data delayed 20 minutes |


Connect with TheStreet