According to Safa Rashtchy, a Piper Jaffray analyst, Google (GOOG) is going to go through the roof. And it happens to be the roof of a skyscraper. On the first trading day of the year, he set the most ambitious price target for the company yet. Safa says that Google’s stock price is going up to $600.

While this is the highest target yet, it’s not much behind the others. The closest one is sitting at $575.

Google’s new target price helped tech stocks receive a boost today with Google closing up about twenty dollars for the day (+4.8%). Yahoo went up $2.00 (5%) and Microsoft only moving up $.72 (2.75%).

Is there still money to be made with Google? These analysts say yes, but Jim Cramer said it’s time to ring the register. As for me the stock is a little too speculative right now. I already missed it doubling from when I was thinking about buying at $200. If it begins to look good, I’ll be on that boat. But until then we can see if this is sea-worthy, I’ll be content on the dock.

[Update Edit: On Mad Money 01/03/06 Cramer went to bull mode on Google with a new target of $500. Although he said it’s not his favorite.]