again, you are relying on a WSJ article or survery, which means basically NOTHING. When I say the majority are leaning towards a $450 Google rather than a$200 Google, I mean the majoritfy of the street. The ANALYSTS who cover Google.
There are 41 analysts who cover Google. 41 different firms that issue EPS estimates, price target estimates and so on. The majority are leaning towards a $450 stock.
Your survery could have been done on nubblies and if the majoriy of nubblies felt Google would be going to $200, you could say that most people think Gogle is going lower. But, that wouldn't really mean shit now would it? Again, you are a smart guy, but your view is academic and it sounds like you spedn a lot of time repeating what you have been told and not what you may actually have knowledge about.
FYI: Current price targets by different brokers:
475
420
550
520
490
500
450
540
310
513
550
477
550
450
400
440
540
500
600
500
435
490
445.24
550
425
455
These targets have been issued by different brokers. The date ranges from 11/1/05 - 2/2/06. Not super up to date, but still it reflects the majority of thoghts on the street. these are 12 month targets.
|