BTW, Google is only trading at 42x 2006 estimates and 32x 2007 estimates.
The $450 target price (year end 2006) most analysts have is only 40x 2007 estimates. First Albany reiterated their BUY rating on GOOG with a target of $450. Tomorrow, analysts expect GOOG to discuss its reliance on paid search, efforts to diversify revenue sources and give more color to their financials.
Again, one thing you need to realize is technology companies are also valued differently than ost companies. EBITDA is a key factor. Also, a ratio of Enterprise Value/EBITDA (EV/EBITDA) is a number everyone seriously looks at for tech. companies.
Also, did you realize Google has adeal with DELL? DELL is currently shipping computers with Google products preinstalled.They also have dMarc as a seperate revenue source. Also, isn't Google doing a payment thing, similar to PayPal? Again, another revenue source.
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