Google shares on Monday to a record in the history of the highest closing price at 821.50 dollars per share. The stock has risen 700% since 2004.
By the dominance of its Android software in the mobile phone market, and the leading position in the mobile advertising industry, According to the current market capitalization, Google is the third big company in US after apple, Exxon Mobil.
Google shares rose sharply since late last year, repeatedly hit the new high record. The stock has risen 16.1% this year, very close to the target price of 851 dollars per share the analyst has given.
The next year price-earnings ratio of Google is 17.3, higher than the S & P 500 of 13.5. The higher price-earnings ratio suggests that investors believe that the company's profits will have higher growth. In contrast, Apple's shares has dropped 21.1% since December 31 last year, the price-earnings ratio is only 9.2.
