Tuesday, November 30, 2004
Mark Mahaney Finally Comes Around; Google Gets $215 Price Target
American Technology Research analyst Mark Mahaney, who has been one of Google's stock's biggest detractors, has given the stock a $215 price target, saying it will increase 17% from current prices. The article also points out that Google's float is very limited compared to similar companies, like Yahoo. Even after all the stock is made available, there will still be significantly fewer Google shares than Yahoo shares, keeping demand relatively high.