Google stock breaks $400 a share
 

NEW YORK - Shares of Google Inc. hit another all-time high on Thursday, breaking through the $400 threshold, a move that may once again force Wall Street to rethink its price targets. Google shares have been romping higher since it posted better-than-expected earnings last month and reported a "sea-change" shift by major companies to online marketing from print and broadcast.

While shares were up just less than 1 percent on Thursday, the stock still pushed through $400, hitting a session high of $403.81. The stock added $3 to $401.15 on Nasdaq.

What's more, the stock is up nearly $100 a share, or more than 30 percent, since it reported earnings on Oct. 20 and prompted a number of Wall Street analysts to raise their price targets.

As of Thursday, six analysts had a price target of $400 for the company, according to Reuters Estimates. The highest mark is $450 a share, listed by both RBC Capital Markets and Lehman Brothers.

Shares of Yahoo Inc., Google's chief rival, also hit fresh five-years highs Thursday, as both companies benefited from optimism about online advertising. Shares were up 38 cents, or 1 percent, at $40.42 on Nasdaq.

It broke that the other day.

Anthony we didn't get that package yet!

Check at the front desk it looks like they delivered it. The funny thing is when I called them and gave them your room number the girl immediately gave me your first and last name as if she knows you. Did you take her out for a drink or something?

Anyway she said that she did not see the package, but would call me back. It?s a Fedex envelop that looks like it has $25K in cash inside (maybe that?s the problem).

"Watch this sig closely, something hot is gonna be here REAL soon"
When are you going to make the big announcement?

Later

Amazing little stock but I still think it's priced to high

When this one crashes, it is going to be a massive, massive mess.

Alex

you can buy 4 or 5 yahoo for the same price

When's it going to split?