GOOG Cracks The $700 Threshold, Partly On Mobile Speculation
October 31st, 2007 by
Propelled by strong quarterly earnings and rampant speculation (and coverage) about its mobile plans, Google stock earlier today crossed the $700 price target many Wall Street analysts had set for the company. It’s down slightly right now. Once Google provides more visibility about its mobile plans investors could become more bullish or potentially be disappointed. However, it’s unlikely that any practical market impact would be felt immediately because there would likely be a lag between any mobile announcement and the actual product rollout.
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