This goes back, though, to the question I asked earlier: Investors have to know what they're paying for. If you want the strong growth that Google has consistently provided, you're going to have to sacrifice some nights of restful sleep.
I have always liked Google's stock and I don't believe that this story has changed. I've always said that the best way to evaluate Google's stock price is on a five-year basis. And projecting five years out, I still see mid-to-high double-digit revenue growth, which means this is far from a mature company.
With the stock having reached $928 recently, predicting $1,000 a share wouldn't be sticking my neck out too far. But with rising free-cash flow and management's ability to realize value from the company's recent investments, I can see the stock reaching $1,200 by this time next year, if not sooner.
At the time of publication, the author was long AAPL
This article was written by an independent contributor, separate from TheStreet's regular news coverage.