Google stock reaches record high after Citi report
Google's stock price reached an all-time high today, hitting $750 before closing at $749.38. The company rose $15.39, or 2.10 percent for the day.
The record closing price, which comes amid a 30 percent increase since June, comes on the heels of a new analyst report setting a price target at $850 (up from $740). Its previous record high of $747.24 was set in November 2007. The company now has a market capitalization of more than $244 billion.
The report, from Citi analyst Mark Mahaney, said Google's stock will continue to surge based on … Read more