Monday, October 23, 2006
Shares of Google Inc. set a new high on Monday after the company last week reported quarterly profit nearly doubled and revenue rose 70 percent.
Following the earnings, Wall Street analysts raced to outdo one another on Friday in raising stock price targets for the company, with the most aggressive saying $600 per share does not look extreme for the Internet market leader.
Google shares traded past the $475.11 level set on January 11, 2006, and reached as high as $476.75 in midday trading on the Nasdaq.
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