A logo is pictured at Google's European Engineering Center in Zurich April16, 2015. Reuters/Arnd Wiegmann

Google shook things up last August 10 after it announced Alphabet. The company decided to rename itself while Google became a subsidiary. As Larry Page takes on the CEO role for Alphabet and Sundar Pichai leads Google, many are comparing the new company to Warren Buffet's Berkshire Hathaway. Further, the latest move has merited positive forecasts with some calling the decision as "pure genius."

With all the hype going on, Wall Street analysts have given their opinions on the matter saying that the decision created the Internet's Berkshiare Hathaway. Stifel analysts said in a note to clients, according to Business Insider: “Larry Page and Sergey Brin meet Warren Buffett and Charlie Munger as the Berkshire Hathaway of the Internet emerges for a multi-year stock run, in our view. Today, 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."

Analysts further add: "We believe this combination leaves the possibility for shares to exceed the S&P 500 return for many years on the back of this new operating structure."

Other parties from Wall Street such as William Blair and Goldman Sachs, also claim that Alphabet will allow more transparency in the company. There should be broader segment breakdowns in terms of expenses and revenue for non-core and core businesses alike.

Forbes' Jacob Morgan also thinks that Google's move can be good for the company. He calls it pure genius. Morgan claims: "I make the argument that many organizations are already too big. These large organizations have survived simply because of their massive resources but this will change. The larger an organization becomes the more sluggish it becomes and agility and adaptability seem farther out of reach." He considers Google's decision as a good call because it will help the company with agility, adaptability and innovation in their future endeavors. He shares more on his video here.

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