Carlos Alvarez
When I last covered Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) (NEOE:GOOG:CA) on October 14th, 2024, with my article “Google: Buy Before Earnings”, the stock was trying to recover from an extended period
Google: Expect Deeper Pullbacks (Technical Analysis) (Rating Downgrade)
Summary
- Alphabet's recent earnings have been impressive, with per-share earnings of $2.12 and revenue of $88.27 billion, surpassing expectations and showing strong growth.
- The Google Cloud segment excelled, generating $11.35 billion in revenue, outpacing Microsoft and Amazon, driven by AI product expansion.
- Alphabet's forward P/E ratio of 20.79x is the lowest among MAG-7 companies, making it an attractive investment despite recent pullbacks.
- I maintain a "buy" rating for Alphabet, noting potential for further bearish movement but highlighting its strong position within the MAG-7 cohort.
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOG, NVDA, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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