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Google up 7% after hours; search icon can do no wrong

I looked at the green numbers all over the screen around 3:30 p.m.; nearly every BloggingStocks company was up big today, Google Inc. (NASDAQ:GOOG) included. $6.75, I thought, wow. Nearly 2% increase.

And then there were earnings. Really, really, really great earnings. Revenue was up 70% over the third quarter of 2005. Ho-hum. That's because net income was up 92%. Holy ...

Holy $35 seems to be the end of that phrase. That's how much GOOG's up in after-hours trading, and may go even higher thanks to Cramer's new target of a whopping $560. While $560 seems almost insane to me, when I click over to after-hours trading I see a number that's awfully good. $459.51. Holy ...

How do you finish that phrase?

Cramer takes GOOG target to $560

Jim Cramer isn't shy about his expectations. Some of us on BloggingStocks pooh-poohed his earlier calls but it seems he knows of what he speaks! Today's third quarter earnings have Google Inc. (NASDAQ:GOOG) up big and, in comments on MAD MONEY tonight, Cramer touted his Google call. It's up $35 in after-hours trading, and he raised his target from $500 to $560, based on $14 per share and a 40x multiple.

GOOG traded up 7% to $457+ in after-hours trading after blowing away the street expectations.

Cramer, ever the showman, came out in the show's opening wearing GOOG in black marker on his forehead and on his knuckles.

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 25, 2009: 04:27 PM

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