While 34 of 37 analysts tracked by Bloomberg recommend buying Google, their price targets indicate more skepticism. Of the 28 analysts with 12-month price goals, 19 have forecasts below $625 and only two see the stock reaching $700.
There are a couple of potentially major events working against Google right now. The uncertainty surrounding the Viacom billion dollar lawsuit at the forefront. If they can emerge from that lawsuit unscathed and continue to dominant search and more importantly to the bottom line: online advertising, then it’s not inconceivable to see them reach $1,000 a share. That’s a big, big, big IF though.
Meanwhile, Microsoft continues to seemingly sit on the sidelines, unable to make anything significant happen with Adcenter. What in heaven’s name are you waiting for Microsoft? Get some sort of micropayment affiliate program part of Adcenter into the hands of hungry webmasters like me post haste. I’d love to run a trial of that instead of Adsense. Sooner instead of later.
Especially now that you’re gearing up for the holidays with a lower priced Xbox 360. While you take forever to turn the ship, Google continues to increase their lead. Classic line from Revenge of the Nerds: “You just got your ass whipped … by a bunch of goddamned nerds.”
Somebody send the AdCenter team the Panty Raid edition of that movie (pictured left, affiliate link). Maybe they’ll know who to forward it to inside the Redmond campus to turn the molasses into water.
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