Is Cramer Too Late On Google?
On “Mad Money” last night Cramer said that it’s not too late to buy Google. In fact, he said, his price target for Google is $750 and that is “a total and unequivocal lowball estimate”.
But I’m wondering if he’s a little late to the party as so many others have hyped Google of late.
All I know is that at 40 times estimated earnings for this year (remember we’ve only seen results for the first half of the year), Google better report a good number when it reports earnings after the close next Thursday.