Google, the highest-priced stock in the S&P 500 Index, closed above $900 a share yesterday for the first time.

The company is in the midst of an impressive rally, and yesterday Morgan Stanley analysts were among the bulls, upping the target price to $996, from $932.

Also yesterday, investors anticipated another slate of new products and services at Google’s I/O developers conference in San Francisco this week.

Shares rose 3.3 percent, to $915.89, an all-time high.

The second-most-valuable tech outfit behind Apple, Google also topped $300 billion in market cap for the first time.

Apple is worth $402.5 billion. Its shares fell 3.4 percent yesterday, to $428.85, and are off 19.2 percent so far this year.