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Google Inc: Assessing Resistance Levels And Price Targets

|Includes: Alphabet, Inc. Cl C (GOOG)

Over the past few day's Google Inc. (GOOG) has cleared significant overhead resistance. The resistance level that Google cleared was $1,040.00 per share. Using the Discounted Cash Flow valuation method, I will calculated the next resistance level to create a short-term price target. Also using the DCF method, I will assess the downside risk if the stock drops below the $1,040 resistance price level.

The Discounted Cash Flow valuation relies heavily on the company's operating income, tax's paid, depreciation & amortization as well as the EBITDA or earnings before interest, taxes and depreciation & amortization to create a stock price target.

Establishing a resistance level

As the DCF calculation below indicates Google Inc. traded at 20x EBITDA to create a support level of ~$1,040.00 per share.

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.