5-Hour Energy: A Success Equal Parts Caffeine, Chemistry and…
Suddenly, Amazon Doesn't Love Its Moms AnymoreRemember the spring? Ahh, the spring, when trees burst out in bloom and so many were predicting GOOG to hit $480 by the end of the year. Well, summer came, and with it, dips down into the doldrums of the $370s, the $360s even (yikes!).
Shareholders in Google Inc. (NASDAQ:GOOG) can breathe in the heady air of the $400 stratosphere again, as yesterday GOOG burst through the $400 line for the first time since mid-July. Now analysts are all saying "buy!" (Jordan Rohan, RBC Capital Markets) and "$500 a share" (Justin Post, Merrill Lynch). At last check, the stock was at $405.61, or thereabouts.
Some, of course, aren't so thrilled. "This is like a $37 stock going to $40," says UBS' Benjamin Schachter, offering up his own price target of $450. I wouldn't complain, Benjamin: if a buyer at $370 sold at $450, wouldn't that buyer still be happy? I know I would, were the buyer me. So what's your price target?
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
