GOOG Stock Forecast: A Tale of Thriving Revenue

Meiru ZhongThis GOOG Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Summary

  • Alphabet earned revenue of US$76.7 billion, growing by 11% in Q3 2023 compared to Q3 2022. The operating income also grew by 24.6% to $21.3 billion because of strong demands for products and services and robust cost control.
  • Google advertising had grown by 9% to $59,647 million in Q3’23 compared to last year. The growth was primarily driven by the increase in the number of users’ engagement and the average amount charged for advertisers for each click in Google Search & other properties (including YouTube) and offset by the decrease in the number of impressions and the average amount charged for each impression in Google Network.
  • Alphabet's cost structure was robust, and its cost of revenue and operating costs had a stable proportion of the total revenue, about 44% and 29% respectively in Q3’23.
  • GOOG repurchased US$15.9 billion shares in the third quarter and invested $8.1 billion capital expenditure in technical infrastructure for business expansion, signaling managers’ strong confidence. 
  • DCF valued GOOG at $142, a 4% upside potential compared to $136.94 on November 18, 2023.

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ASML Stock Forecast: Strong Top-line Results

Yu YaoThis ASML Stock Forecast article was written by Yu Yao – Financial Analyst at I Know First.

Summary

  • Q2 2022 earnings did not meet analysts’ expectations but the stock rebounded
  • The demand is expected to be strong according to Peter Wennink, CEO of ASML
  • Valuation model indicates that ASML is currently undervalued with a 16% upside potential

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CHWY Stock Forecast: What’s the Pawtential?

Yu YaoThis CHWY Stock Forecast article was written by Yu Yao – Financial Analyst at I Know First.

Summary

  • Chewy Turned Profitable in Q1 FY2022
  • CHWY May Provide Some Protection from Recession
  • DCF Valuation Model Indicates 15% Upside Potential in 1 Year

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CLF Stock Forecast: Is De-Globalization Working?

Yu YaoThis CLF Stock Forecast article was written by Yu Yao – Financial Analyst at I Know First.

Summary

  • CLF delivered great Q1 Results
  • CLF has a strong competitive advantage over peers
  • The high selling price for CLF may lead to a record cash flow this year
  • Valuation models indicate CLF is currently undervalued

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Adobe Stock Forecast: Tech Giant Beats Expectation Boosting Price 28%

NicoleThis Adobe stock forecast article was written by Nicole Shammay – Analyst at I Know First.

Summary:

  • Adobe's Q2 results beat estimates up 23% from the year-ago quarter
  • Hedge funds piled into Adobe's stock and experienced a return of 13.9%   
  • DCF support around $735, a 28% upside for the Adobe stock forecast on a one-year horizon

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SUNW Stock Forecast: Consolidation on the Solar Energy Market

I Know First Research Team LogoThis post was written by the I Know First Research Team.

Summary:

  • Since January 2021, the company’s stock has grown by 107%
  • Acquisition of Solcius. Expected that the combined company to be profitable in the first full year after integration and after capturing strategic, operational, and cost synergies. If the companies had been combined for all of the calendar year 2020, the revenue would have increased by 247%
  • DCF support around $14 or over 43% upside for SUNW stock for the coming year

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KOPN Stock Forecast: Technological Innovation Under the Wing of Government Defense Contracts

I Know First Research Team LogoThis post was written by the I Know First Research Team.

Summary:

  • Since January 2021, the company’s stock has grown by 280%
  • Expected that the microdisplay market will grow with a CAGR of over 27-39%
  • DCF support around $10 or over 11% upside for KOPN stock for the coming year

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