Can Google Inc (GOOG) Stock Make It to $1,000?

Furthermore, Google Inc (NASDAQ:GOOG)’s non-core businesses, particularly its hardware business, present other potential areas for future earnings growth.

Then there’s the company’s clear competitive advantage as both the world’s largest search engine and digital ad network. Its search volume, advertising reach, and digital knowledge base give the company meaningful scale advantages that should protect the company’s earnings for decades.

Are analysts right?
The analyst consensus for a $1,000 price appears to be on the right track. But stocks can do just about anything in a given 12-month period. So I don’t like to speak in terms of 12-month price targets like analysts do. Foolish investors prefer to zoom out much further. In periods of five years or more, price typically follows value. On that note, here is the takeaway: I definitely think Google Inc (NASDAQ:GOOG) is worth $1,000 per share. Even more, I would even say that for investors with a time horizon greater than five years, Google is an excellent option to consider.

The article Can Google Stock Make It to $1,000? originally appeared on Fool.com.

Fool contributor Daniel Sparks has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.