It’s not often that a $150 billion dollar company has the potential to double it’s value in a few years time, however Google (GOOG) may just do exactly that. It seems as though most analysts mainly focus on the Current Ad business that Google is dominating in, however there are several up and coming branches of the the company which could contribute to a major boost in Google’s earning power as well as growth.
Android Seems to be blowing by the competition as of late. Even though Google doesn’t earn a dime from the actual software, it is helping to spread their cloud computing business as well as search business to an estimated 200,000 new users each and every day. Many of Google’s tools come pre-installed on Android phones. This will also give Google a huge base for it’s future Music business which is said to be ready to launch sometime this fall.
Google’s purchased of AdMob is also huge for the company. As Hundreds of thousands of new smart phones are sold each day, the market for mobile advertising is just getting started, and Google with it’s Ad Mob acquisition is at the forefront. Of course we also can’t overlook the future possibilities of Googleme, the Facebook competitor, and Google TV which is set to launch this fall as well. Google is still very much a growth company, and should easily trade at around $1000 within 24 months in my opinion.