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Google Now 'Berkshire Hathaway Of The Internet,' Stifel Says Stock Is Worth $850 In Near-Term

Google Inc. NASDAQ:GOOGL - Google Now 'Berkshire Hathaway Of The Internet,' Stifel Says Stock Is Worth $850 In Near-Term

In a report published Tuesday, Stifel analyst Scott W. Devitt upgraded the rating on Google Inc GOOGL from Hold to Buy, with a price target of $850. The analyst called the company "Berkshire Hathaway of the Internet," with potential for a "multi-year stock run."

According to the Stifel report, "Google announced plans to create a new public holding company, Alphabet Inc., which will provide reporting for the core Google business as well as its smaller, more speculative segments separately."

The analyst believes that Google has of late been giving investors "exactly what they've wanted," with its skilled management team that has...


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