October 25, 2004
SpeculatingStocks.com Stock Pick: Google, Inc. (GOOG)
Stock Price: $172.43 (short-term strong buy)
Google, Inc. owns and operates the search engine site google.com. The company generates a majority of its revenue through online advertising including paid Internet search.
Search engine companies allow businesses to market through search. The more a company bids for keywords, the higher their website is listed when a Google user searches that keyword. The explosive nature of this form of business is what we believe is causing GOOG to explode.
GOOG is now up more than double its IPO price of $85, yet it is hardly showing signs of slowing. Revenue and cash flow exceeded expectations and caused GOOG to jump over $30 during the last two trading days. Many sources are saying GOOG is going to $200. We feel it will go even higher than $200 before dropping.
Expect volume to stay high early this week as day traders continue to move GOOG.
SpeculatingStocks.com Target Price: A 20% gain or over $205 is not out of the question.