"The stock has consolidated the last year or so, and we think it's ready to break out," Piantedosi told CNBC's "Tech Bet" on Thursday, citing the web search giant's improving efforts to monetize YouTube.
Piantedosi , who runs several growth funds at Eaton Vance, also told CNBC that Google's recent hire of Morgan Stanley's Ruth Porat as its new CFO should soon prove to become a boon for shareholders.
Google's investments have always been , ranging from your desktop to outer space. To Piantedosi, the company's wide-ranging investments have become somewhat of a pain point.
"That's always been one of the concerns ... ," he said. "It's hard to kind of gauge what kind of returns they're getting but like I said with the new CFO, we should start to get some better capital discipline from that company and I think that's a nice catalyst for the stock."
Disclosure: Piantedosi owns all stocks through his fund.