GOOG Stock Forecast: A Tale of Thriving Revenue

November 20, 2023
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.

premiumRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content here
Premium Articles

GOOGL Stock Forecast: Navigating the Tech Giant’s Momentum

June 28, 2023
Eliahu GabayThis 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.

premiumRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content here
Premium Articles

Google Stock Forecast: Is It a Place for Growth in the Inflation Time？

April 18, 2022
He Xu This Google Stock Forecast article was written by He Xu – Financial Analyst at I Know First.

Summary:

  • GOOGL stock has gained 79.86% in 2021
  • Google shows good profitability ability accross the Interactive Media Industry with Net Margin and ROE of 29.51% and 32.05%, respectively.
  • The skyrocket of fertilizer prices creates a positive macroeconomic environment for Mosaic's profit in 2022.
  • The Piotroski F-Score and Altmaz Z-Score provide a positive outlook for Google’s stocks.

premiumRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content here
Premium Articles

GOOGL Stock Forecast: Unchallenged Leadership in Advertising Will Boost Google To $3,000

July 24, 2021

motek 1The GOOGL stock forecast was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • GOOGL’s stock price has shot up over +90% since my June 2020 buy recommendation.
  • I am still rating GOOGL as a buy. Exuberant investors are already boosting GOOGL’s price even before it does its Q2 ER.
  • The Delta and other current and upcoming COVID-19 variants will continue to boost the digital and mobile advertising business of Google.
  • Learn-from-home and work-from-home are again the new normal because vaccinated people still get infected by new variants of the COVID-19 virus.
  • Politicians are compelling telcos to put up 5G cellular towers even in rural impoverished towns. Increased 5G deployment and cheap 5G smartphones are a tailwind for Google.

New forecasting serviceRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here
Premium Articles

Google Stock Forecast: The Boycott Against Facebook Is A Tailwind for Google

June 29, 2020

This Google stock forecast article is written by Motek Moyen Research, Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • There’s a growing list of big and small companies that are boycotting Facebook. Many of them are also stopping their ad placements on Zuckerberg’s company.
  • This growing socio-political headwind of Facebook will benefit the search and mobile advertising businesses of Google.
  • Companies who won’t place ads on Facebook will have extra marketing budget that could be spent on YouTube, Google Search, and AdSense-using websites/apps.
  • The growing number of Android gamers also boosts the app-install advertising business of Google.
  • My 1-year price target for Google is $1,600. This is slightly higher than the average price target of $1,514.3 at Tipranks.

premiumRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content here
Premium Articles

GOOGL Stock Forecast: Take Advantage of the Lower Price as the Company Recovers from COVID-19

June 4, 2020

The article was written by Jessica Kremer - Analyst at I Know First.

Summary:

  • Due to COVID-19, in Q1, Google’s GAAP earnings were $9.87, missing estimates of $10.73, but the company’s gross revenue beat estimates of 40.98 billion,  rising 13%, to $41.159 billion.
  • The company has also been hit with a privacy lawsuit that has the potential to affect GOOGL stock negatively moving forward. 
  • Our GOOGL stock forecast demonstrates multiple avenues for growth that result in my buy verdict, with the most visible one being becoming a FinTech vendor.

TSMC stock forecastRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here
Premium Articles

Google Stock Forecast: Why Google Deserves A Price Target Of $1,700

February 20, 2020
motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • YouTube is a fast-growing driver for Google’s core advertising business. It made $15.1 billion in ad revenue last year.
  • YouTube’s paid streaming service now also has $3 billion in annual run rate. YouTube’s TV and music paid streaming have more than 20 million customers.
  • Android gaming is also a strong growth driver for GOOGL.
  • The Fitbit acquisition should help attract more healthcare providers, insurance companies, hospitals, clinics, and doctors to use Google Cloud AI services.
  • The global healthcare industry is much bigger than digital advertising. Research and Markets estimate that this industry will grow to $11.9 trillion industry by 2022.

TSMC stock forecastRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here
Premium Articles
Pages:12»