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Thursday, October 19, 2006

Cramer Raised Google Target to $560 from $500

Cramer touted his Google (GOOG) call with it essentially up $35 after-hours. Cramer even raised his price target on GOOG from $500 to $560, based on $14 per share in forward earnings and a 40Earnings Multiple. He even came out wearing GOOG in black marker on his forehead and had a Google heart tattoo drawn on his arm.

GOOG holders and employees have to wonder if they love Cramer as much as they should.

Jon C. Ogg
October 19, 2006
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