Topeka sets Google stocks a price of $1100 target

Google has delivered better than expected earnings this week. Now a tech market analyst is dishing out more sky-high price targets for the company. The most bullish rating so far comes from Topeka Capital who assigned Apple shares in 2012 what now seems like a ridiculous $1,111 price target. In its latest research note, Topeka now gives Google shares a $1,100 price target based on the fact that Google has become “the gold standard in online advertising and an innovator in technology.” Of course, assigning a $1,100 price target to Google shares isn’t as outlandish as doing the same for Apple: While Apple’s share value never went much higher than $700, Google’s shares have been in the $1,000 range ever since the company reported its earnings on Thursday afternoon.

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