Is Google Still a Buy Near $1,000?

After its recent earnings blowout, shares of search giant Google (NASDAQ: GOOGL  ) are back to defying gravity (and handily outpacing the market).

However, upon examining Google's pricing over the last year, it becomes apparent just how lumpy those returns have been. Google nearly doubled the Nasdaq's return in the first half of last year, only to see the market play catch-up in the months prior to Google's earnings bonanza. As a result of the resurgent bullishness surrounding the search kingpin, Google's shares are now trading around $1,000 for the first time in its history, with its growth drivers in mobile still firing on all cylinders.

Of course, this benefits current shareholders -- but the flip side is that Google's now markedly more expensive than it was mere months ago. So with Google near fresh all-time highs, is there still an opportunity for investors interested in Google shares? Fool contributor Andrew Tonner explains why he still likes Google over the long term in the video below.

A better way to play the mobile boom
The mobile revolution is still in its infancy, but with so many different companies it can be daunting to know how to profit in the space. Fortunately, The Motley Fool has released a free report on mobile named "The Next Trillion-Dollar Revolution" that tells you how. The report describes why this seismic shift will dwarf any other technology revolution seen before it and also names the company at the forefront of the trend. You can access this report today by clicking here -- it's free.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2695443, ~/Articles/ArticleHandler.aspx, 10/2/2014 1:10:41 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement