Google Stock Forecast: Why Verily Is Emerging As A Future Catalyst For Alphabet
The 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:
- Aside from Waymo, I believe Verily is one of those moonshot projects that can be very strong future growth catalysts for Alphabet.
- Verily’s mission of improving healthcare through data science and technology is a compelling reason to go long on GOOG or GOOGL.
- The global healthcare industry is much bigger than digital advertising. As per Deloitte, global healthcare spending will reach $10.05 trillion by 2022.
- Verily’s tech-driven approach to improving healthcare is more viable than self-driving cars. It’s already 2019 and yet there’s still no government-approved commercial autonomous car on the road.
- Going forward, Verily could turn out to be a multi-billion growth driver for Google within the next 5 to 10 years.