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Either of these possibilities may justify a valuation higher than Mr. Blodget's.
Disney nevertheless still regularly trades at a stock market valuation higher than those of its competitors.
For eBay, selling Skype — particularly at a valuation higher than many analysts had thought possible — offers partial redemption for a deal that many Internet analysts said was an awkward fit.
Despite having a valuation higher than Groupon's, CYNK is an unknown.
This week, for instance, the viral news-and-cats site Buzzfeed got a $50m investment from one of Silicon Valley's leading venture capital funds, and now has a valuation higher than old media giants like the Washington Post.
Not that they needed it, but the story probably served to get more bidders in the deal, which will no doubt push the valuation higher than companies are already getting in these inflated times.
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No wonder, then, that business spending on new plant and equipment has been so weak for so long: The sky-scraping stock market of the late 1990's (which indeed commanded valuations higher than those of 1929) induced enough corporate spending to sate demand and cause a recession.
Disguised behind the rise in the U.S. averages is a sharp fall in all but a handful of giant growth stocks, trading at valuations higher than those of the "Nifty Fifty" of the early Seventies.
Disguised behind the rise in the averages is a sharp fall in all but a handful of giant growth stocks, trading at valuations higher than those of the "Nifty-Fifty" of the early Seventies.
Square's shares have risen more than 150 percent over the past 12 months, sending it to a valuation north of $17.8 billion — a valuation wildly higher than its initial public offering when there were many questions about whether it could be a successful business.
That valuation is higher than expected (earlier reports predicted a $5 billion valuation).
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Justyna Jupowicz-Kozak
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