Google shares gallop to new highs, stock up 700% since 2004

NEW YORK: These days Google Inc is on a roll, making it the US$800 gorilla in the room. Its shares hit an all-time closing high of $821.50 on Monday and some securities analysts are already forecasting the search company could soon be a $1,000 stock.

Google has been on a steep rise since late last year, hitting new highs multiple times, and is up 16.1 percent since the start of the year. That makes it the highest-priced stock in the S&P 500 by more than $100 and puts it within striking distance of the median analyst price target of $851 a share, according to Reuters data.