Cramer Now Calling For $750 Google…Or Is It $900?
On CNBC’s MAD MONEY tonight, Jim Cramer discussed Google (NASDAQ:GOOG) and said that it isn’t expensive despite many pundits calling it expensive. The Lehman target of $714 and the Merrill Lynch target of $740 may seem high, but Cramer said…
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On CNBC’s MAD MONEY tonight, Jim Cramer discussed Google (NASDAQ:GOOG) and said that it isn’t expensive despite many pundits calling it expensive. The Lehman target of $714 and the Merrill Lynch target of $740 may seem high, but Cramer said his old $600 target that went recently to $701 is now at $750.00 so that he’s the highest target out there. He even thinks ultimately it could even go higher to $900.00. He thinks it is such a sustainable business that it isn’t even a growth stock. This is one of Cramer’s "new four horsemen of tech" and even at a $200 Billion market cap it isn’t expensive, and he thinks that it is cheap compared to every stock in its league. We just recently gave a forward multiple and read for what Google would look like if its stock instantly went to $700.00.
Jon C. Ogg
October 10, 2007
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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.
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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.
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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.