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.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.
