This GOOGL stock forecast article was written by Eliahu Gabay – Financial Analyst at I Know First.
Summary
GOOGL's stock has shown an impressive rise of close to 18% in the past month, indicating positive market sentiment.
Google's focus on generative AI presents opportunities to improve ad relevance, performance, and monetization, enhancing its search engine's capabilities.
Microsoft’s Bing hasn’t eaten into Google’s search engine dominance.
The company's revenue growth, particularly in online advertising and the cloud segment, demonstrates its strong financial health and potential.
Alphabet Inc., Google's parent company, announced a substantial stock buyback of $70 billion, fueling the market’s desire for investment in GOOGL.
“Continued improvements to our product offering and successful execution of marketing campaigns drove robust financial results this quarter, closing out a strong year,”
– Avishai Abrahami, Co-founder and CEO of Wix, press release of FY17 results, February 14th, 2018.
Over the past two weeks Wix.com Ltd (NASDAQ: WIX) stock price jumped by 27.58% from $63.85 to $76.80 per share, outperforming the industry’s index (NASDAQ) by some 23% during this period. Wix’s bullish stock performance followed the company’s press release of the results for Q4 2017 with the following highlights:
2017 financial results are released – 2017 revenue of $425.6 million, up 47% y/y and free cash flow of $70.7 million, up 95% y/y
Strategic business partnership expansion with Google Cloud
Wix Code official launch
Based on the above, one can see that the company experienced significant boost in revenue and strengthen its main product capabilities with strong alliance with Google. In addition to that, the fact that the functionality of the main product is going to be significantly improved by introduction of Wix Code shows shift in the degree of website customization opportunities for the existing and potential customers of the company. The latest Yahoo Finance data supports that positive outlook and shows that 11 out of 17 analysts took the buy position with regards to Wix’s stock.
[Source: Yahoo Finance]
On February 11th, 2018, I Know First issued a bullish 14 days forecast for Wix’s stock. the forecast illustrated a signal of 11.45 and a predictability of 0.35. In accordance with the forecast, Wix’s stock returned 27.58% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.
On February 20th, 2018, I Know First also published a premium article on Wix stock performance expectations for 2018. The financial analysis of the company provides deeper understanding of some fundamental performance drivers which we expect to contribute to the overall bullish behavior of Wix share price. The results of the analysis are in line with the I Know First’ algorithm prediction on that date.
Current I Know First subscribers received this bullish WIX forecast on February 11th, 2018.
Wix is leading the way with a cloud-based development platform for over 122 million registered users worldwide. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and individuals to take their businesses, brands and workflow online. The Wix Editor, Wix ADI, a highly curated App Market, and Wix Code enable users to build and manage a fully integrated and dynamic digital presence. Wix’s headquarters are in Tel Aviv with offices in Be’er Sheva, Berlin, Dnipro, Kiev, Los Angeles, Miami, New York, San Francisco
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.
