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Media

Cramer unofficially takes Google’s target to $750

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By Douglas A. McIntyre Published
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On today’s STOP TRADING segment on CNBC, Jim Cramer discussed Google (GOOG) as going to $600.00 and it has to pass $500.00 to get there.  The numbers keep going up and the metrics keep rising.  He said if he used the $850.00 target he’d like to use he’d be investigated.  With al the forward multiples it is just difficult to not see it under $600.00.  He isn’t wearing the tag, but he thinks it could ultimately go to $750.00.

He also noted Goldman Sachs (GS).  He said with a Wells Fargo multiple it would be at $225.00.  He doesn’t know why it has the lowest multiple of thr goup when it is the best.  It is too cheap according to him.

Deere (DE) is one that Cramer said is killing the shorts, and is going higher to Par ($100).  He said they did everything right besides the forward numbers.

"This is the best market I have ever seen" is what Cramer noted.

Jon C. Ogg
November 21, 2006

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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