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Google At $575?

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Here’s one analyst who thinks Google [GOOG] should be at $575 sometime within the coming year.

Published or updated December 22, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 4 comments }

avatar Luke Landes ♦127,475 (Platinum)

Wall Street was a little bitter about the way Google was executing its IPO, so analysts’ opinions may have been a little tinged (though I’m sure they would tell you that’s not true). Here’s an old valuation pre-IPO.

avatar Doobie

Didn’t this initially list at $100, a price at which the experts immeidately deemed overpriced?

avatar mbhunter

If it goes that high, I’m buying puts!

avatar Retireat30

It was initially valued at $100 before internet advetising became the next greatest thing. Internet advertising (which google is currently dominating) is projected to be a $65 billion industry within 5 years.

This isn’t an inconsistency on wallstreets part, nobody knew how big internet advertising was going to be or how quickly google was going to come to dominate the market.

The only reservation I have about the stock, is nobody knows how soon google is going to be usurped by two grad students at some technical college. They do have the coordination effect of millions of advertisers and publishers working as a slight barrier to entry, but I’m not convinced that they are invincible.

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