Google Stock Forecast: Alphabet passed Apple as the most valued company

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After an amazing report of Alphabet, Apple was displaced by Alphabet as the most valued company in the world. Yesterday, Alphabet reported revenues and earnings better than expected by analysts and its shares went up strongly.

Google Stock Forecast: Google’s Core Products are Timeless, Limitless and Highly Addictive

I Know First published a bullish article on Google on Seeking Alpha. Noting I Know First’s success in the past, it is worthwhile to see if the algorithm agrees with the bullish fundamental analysis of the company. The one month,three month and one year forecast is included below. Google Stock Forecast

Google Stock Forecast: Google Can Grow Forever, But Is It The Best Investment Right Now?

Summary

  • Google ranks 13th in growth since its IPO with an annual compoundinggoogle stock forecast rate of 28.98%.
  • Many projects are down the pipeline insuring the company is able to continue growing.
  • The stock has acted in a dividend behavior like growth, signaling towards steady continued growth.
  • State of the art algorithm forecast is bullish on Google.

Google's 10 Years of Growth anniversary

A public company is not valued by its assets; it is valued by what people think its assets are worth. Ten years ago, Google Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) went public in a much anticipated IPO. A decade later, it has a lot to celebrate. Since Google's IPO the company was racing up the ladder compounding at an average annual rate of 28.98%; however, they did not race alone. Keurig Green Mountain Inc. (NASDAQ:GMCR) leads the caravan with a whopping 59.17% annualized return, closely followed by Monster Beverage Corp. (NASDAQ:MNST) and Priceline Group Inc. (NASDAQ:PCLN) with average yearly growth rates of 55.29% and 49.19% respectively. In fact, Google was not even a top 10 growth company, it placed 13th. I Know First algorithm bullish signal on Google indicates towards a growth rate surpassing these companies from now until the new year mark.

Read the full article on Seeking Alpha