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Google stock on track to hit $1,000 per share, the sky is the limit

Google revenue is very strong, could see Google hit a new all-time high in stock prices (NASDAQ:GOOG)

| Business, Financial & Legal News | Posted: Oct 18, 2013 2:23 pm

Google is on a path of serious domination, with its stock prices hitting nearly $1000 a piece after it had reported a large increase in mobile and video advertising that helped the Mountain View-based giant increase its quarterly revenue up 23%.

 

TweakTown image news/3/3/33490_03_google_stock_on_track_to_hit_1_000_per_share_the_sky_is_the_limit.png

 

The company has seen paid clicks increase 26% in the last three months ending on September 30, which represents the highest rate of growth in the past year. There's an offset though, with an 8% fall in average cost-per-click. J.P. Morgan analysts said "We view solid paid clicks growth to be a good indicator of demand, driven by the continued shift to mobile." The analysts expected a huge 21.5% growth.

 

Comparing this to Apple in 2012, who were poised to become the first company to be worth $1 trillion, it has certainly fallen from grace. Google is now positioned to be a serious contender as one of the most powerful, valuable companies in the world.

NEWS SOURCES:In.reuters.com

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