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Google’s Stock Hits $675 Per Share

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A little more than two weeks ago, Google’s stock hit $600 per share.  We all “ooh”ed and “aah”ed.  Now the search giant has hit $675, and it may be only a matter of time before it passes $700.

You can practically see minds being boggled left and right, and that isn’t necessarily a result of admiration or envy – the word “bubble” was spoken often enough even as Google approached the $600 mark.  That was before Google released its third quarter earnings report, though, and the numbers within were admittedly impressive.

So, where does this fresh news land us?  Every financial analyst is likely to have his (or her) own opinion as to how rational a price $675 per share is.  From more of a tech and business perspective, I will at least note that there’s been very little that hasn’t gone Google’s way in recent weeks.  Also, things haven’t been so smooth for its rivals.

Here’s one other observation: before the market closed, Google’s stock seemed relatively stable at $675 – there wasn’t a massive sell-off once it reached that point.  So the search giant’s current investors, at least, seem to feel it should go higher.

Google’s Stock Hits $675 Per Share
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