During the trading session on November 15, 2015, stocks of Google Inc. soared by 16.3% to the record high of $699.62. During the trades, the company’s capitalization skyrocketed by $66.9 billion, the maximum intraday growth for Wall Street.
FactSet reports that Google capitalization reached $478 billion dollars.
Earlier, Apple stocks logged a maximum rise on April 25, 2012. The corporation’s capitalization surged by $46 billion in a single day. On April 17, 2000, Cisco increased its capitalization by $66.1 billion.
Meanwhile, JPMorgan, Bernstein Research, Nomura Research, Jefferies and Evercore improved their 12-month targets on the Google stock to $800 following the tech company’s report on the third quarter 2015.
Google’s capitalization may amount to about $547 billion, thus making the tech giant the second company in the world with the market value of more than $500 billion.
Today, Apple takes the leading place with the capitalization of $740 billion.
