Google shares could climb as high as $1,600 this year, which would be an all-time high, according to a new report from Goldman Sachs analyst Eric Sheridan. The analyst believes that the recent surge in digital advertising spending will continue to benefit the company, and he also cites Google’s strong performance in cloud computing and hardware as reasons for his optimism..
Sheridan raised his price target on Google shares to $1,600 from $1,450, and he maintained his buy rating on the stock. He believes that the company’s advertising business is poised for continued growth, and he also sees opportunities for Google to expand in other areas, such as healthcare and transportation..
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