Google's stock is sure doing well, especially in light of Apple's recent stock values. Today's closing of $861.55 sets an all-time high for Google's stock and ushers in the question as to whether or not Google is going to be the next Apple. After hours trading has brought the stock price up to $863.50.
These recent gains have resulted in Google's market capitalization eclipsing that of Microsoft, placing the company in second place behind Apple. Analysts have put a price target of $1,000 for the company's stock. But, will it make it that high? Or will Google's stock go the way of Apple's?
We'll have to wait and see. However, Google seems to be spending more money on the innovation side of things, creating new markets and products such as Glass. These should ultimately help keep the company on top.