We all know that Google stock is somewhat of a solid investment. Google (GOOG) shares initially went on sale at around $85/share and are currently valued at around the $520 mark. Many analysts suggest that Google's share price could reach as high as $650 within the next year. So does Google stock have what it takes to become the most valued stock ever?
Google is an innovative company and continues to push the limit with the release of new services and technologies, but is that enough? Considering that Google's share price all-time high was $558.58, Google has a long way to go to become the most valued stock in the US. Google is not even close to being the most valued stock ever. You see there is a man named Warren Buffet (maybe you've heard of him?) who is the CEO of Berkshire Hathaway Inc. (BRK.A). Berkshire Hathaway Inc. is currently the most valued stock in the US. On Tuesday, shares of Berkshire closed at around $119,000 per share.
So to answer the question will Google's share price become the most valued ever, the answer is of course no. That's not to share that the stock is week, it's not. Google is a unique company and the value of its shares will continue to increase.
Labels: Google Share Price