Safa on GOOG: It’ll Hit 300

Last month Safa Rashtchy of Piper predicted GOOG would hit 250, then he revised to 275. Now he's saying 300. I get his reports in email, and he has not uploaded this one to the web yet, but in short, he notes Google's expanded product offerings and upgraded ad…

Goog266Last month Safa Rashtchy of Piper predicted GOOG would hit 250, then he revised to 275. Now he’s saying 300. I get his reports in email, and he has not uploaded this one to the web yet, but in short, he notes Google’s expanded product offerings and upgraded ad networks as signs the company will continue to beat Wall St. estimates.

Author: John Battelle

A founder of NewCo (current CEO), sovrn (Chair), Federated Media, Web 2 Summit, The Industry Standard, Wired. Author, investor, board member (Acxiom, Sovrn, NewCo), bike rider, yoga practitioner.

11 thoughts on “Safa on GOOG: It’ll Hit 300”

  1. Mr Battelle – I’m a writer with New York’s Newsday. I was just assigned to write an article on the current crop of Google books, and had hoped to include your book, “The Search,” in the piece.

    Please contact me at my e-mail address ASAP so we can set up a time to discuss your work.

    Thanks!

  2. Actually, the expanded product line would be a reason for the stock price to drop, since profit margins are bound to be substantially lower (if not negative) outside search.

  3. John – I think you need to make the Newsday guy work a little hard on the research side. For example your contact info is up on the site, he would have to be spend the time looking for it (not exactly in-depth investigative journalism), then he wouldn’t need to just randomly post.

  4. GOOG’s business is growing by leaps and bounds and the market is on fire. This combination means the stock probably will go to 500. Do you remember how YHOO soared when it became clear it would be included in the S&P 500?

    The interesting possibility is that the stock will be worth 500. Every 20 years of so a super stock comes along. Xerox and MSFT come to mind. I plan to sell about half my GOOG if it is included in the S&P.

  5. Actually, the expanded product line would be a reason for the stock price to drop, since profit margins are bound to be substantially lower (if not negative) outside search.

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