Figure This: Google 2K

Google (GOOG Quote) shares at $2,000? That's what Caris & Co. analyst Mark Stahlman says is theoretically possible.

In note issued to clients Thursday, Stahlman stresses that he isn't setting an official price target for the stock of the Mountain View, Calif.-based company. New York-based Caris doesn't set price targets for stocks. Earlier this week, Safa Rashtchy of Piper Jaffray, which evidently does set price targets, predicted that Google's shares would hit $600. So far that's the highest projection of any analyst.

"We believe that Google's addressable market has a chance to become much larger, more quickly than initially anticipated, perhaps a $100 billion annual sales company over time," Stahlman writes. "Google is not limited to the size of today's advertising market and is likely to expand into next generation financial services, and health care, among other digital service opportunities considerably larger than typically recognized." ...