GOOG At New Levels
Following another hiked projection from financial analyst Safa Rashtchy at Piper Jaffray, and new estimates of the search advertising boom, GOOG is riding high. Rashtchy projected that Google stock will touch $600 before the end of 2006, citing a projection of $33-billion in search industry earnings by 2010 (that would be for the whole industry, not for Google). Kevin Kelleher at TheStreet makes both cases–bullish and bearish–for GOOG in 2006. Yesterday GOOG gapped above $440 and stayed there.