NASDAQ Stocks - Google Inc in MARKETS - CMP: $537
Google Inc. is a global technology company that provides a web based search engine through its website. The ...
05-06-2011 12:26 AM
Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
Google is an excellent long term growth stock. Its currently trading at a P/E of little less than 20. Revenues have grown from $21 B to $29 B in the last 3 years and bottom-line grew from $4 B to well over $8 B. Balance Sheet looks solid with Cash And Cash Equivalents growing from $8 B to $13 B in the last 3 years. The stock has formed a good immediate support base at $520 on the chart and long term support is at $450 levels. One can expect the stock to reach $700 in 12 to 24 months time span.
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