Google is all over the news lately. Yesterday they announced an open source platform for handheld devices that many assumed was going to be aimed at a Google mobile phone or “GPhone”. It turns out that Google is actually trying to make a strategic play here into the mobile arena with software that will bring the desktop/laptop/mobile device experience as close to being the same as possible.

Google already has some of the best apps being used in the industry. Google Earth, Google Maps, Search…let’s face it, this juggernaut has no signs of slowing down.

That being said, talk on Wall Street is putting Google at $850 a share. That may seem high and you may be thinking, that’s absurdly expensive but we need to look at it a different way and I actually think $850 a share is too cheap. Google still trades at only 12 times earnings but it commands a huge multiple because they are making money hand over fist. They continue to beat estimates and I think this is one tech stock that Wall Street just can’t get a grasp on.

Consider that right now Google is really a $73 stock trading at 5.7 times earnings and you understand it’s way too cheap. So if Google were trading at 10 times earnings it would be a $120 stock…extrapolate that to current levels and you have Google sitting at $1200 a share.

Short term I think Google goes to $830 but I see longer term growth over $1000 and this stock is creating it’s own momentum. A stock that can go to $1000 can go much much higher. Remember Berkshire Hathaway when it started in 1983? Google could be the next Berkshire.

Bottom line, pick up some Google stock if you want to make some serious money. Even a few shares will net you a healthy profit short term.

Full Disclosure: I do not have any position in Google.

Computer predicted stock trades, never guess again!

Related Posts

Find out what I am doing right now by following me on Twitter! If you like this post then please consider subscribing to my full feed RSS. You can also subscribe by Email and have new posts sent directly to your inbox.

Blow away your Google competition
Internet+12 months=Millionaire

» Post Ad Purchase:  Banner Ad

Popularity: 11% [?]