Two investors think that Google is the most undervalued of the large cap tech companies.

Philip D. Tasho, credit: Tamro Capital Partners

Daily Finance quotes Philip D. Tasho, CEO and chief investment officer at Tamaro Capital Partners, and Timothy A. Holland, a principal and co-portfolio manager at that institutional management firm as saying, "We view Google (GOOG) as the best balance of value and growth in the large-cap technology sector." Tasho also asserts that over the next 12 to 18 months, Google should bolt to a new high of $1,200 a share.

Those are pretty heavy words for a stock that has been largely flat overall since its historical high of 700 in 2007.  How does GOOG get there? More