Friday, October 22, 2004

Analysts set $145 price target on Google stock: "The Google stock view is eye-popping enough to recall the days of hundred-dollar-plus price targets. Henry Blodget, Merrill Lynch's former star analyst on Internet stocks, hit the high mark for ambitious stock price targets with a famous call in 1998 that would hit $400 in 12 months. Amazon shares hit the target in about a month (since adjusted for splits), but the crash in the Nasdaq a year later made a mockery of the Internet stock analysis industry. "—CBS MarketWatch

Mockery indeed. GOOG: 149.38 170.00 177.62