Will Google stock reach $600 a share again?

Question

Will Google stock reach $600 a share again?

Answer 1

Not for a long time.

Answer 2

not this year for sure.

the market still not safe.

and most of time  in pre- election year ..stocks go down

Answer 3

No.  Their ad revenue/click rate  was recently down significantly today  ( 10 %).

The economy is in a recession which means  fewer people advertising on the internet and other traditional outlets.

They have a PE ratio of 33 , Yahoo is 30 and Microsoft is 12.

The average SP 500 has a PE of 16 now ?  It is too high relative to their peer group.

They also hired 500 people last month when they generally hire 800-1000.  Management must know something that the general public does not know.

There are better places to put you money that are not so risky and have better fundamentals.