'RealMoney' Radio Recap: Gaga Over Google

After Google's (GOOG Quote) "magnificent" earnings report Thursday night, the stock traded to $346 Friday, within $4 of Jim Cramer's $350 price target. "It's good to be right," said Cramer.

Cramer told his "RealMoney" radio show listeners Friday that Google is benefiting from the "biggest and best secular growth story of the decade." The Internet and Google are both killing traditional forms of advertising, such as TV and newspapers because Internet advertising allows one to target customers and track whether people are actually viewing the ads, he said.

Cramer said he will not issue a new price target for Google because price targets are used mostly as attention-getters. And, as of Friday, Google has people's attention. ...