Google Q3 Preview: Buy And Forget At $165

Summary:

  • Despite competition, rising demand for large language models positions Google well for growth, with Q3 earnings likely to surprise positively.
  • Google’s valuation is attractive, trading at a P/E ratio of 23.58x, significantly below its historical average and the broader market.
  • Given its sizable net cash position, its P/E is even lower than on the surface.
  • The combination of its compressed valuation and the potential for a Q3 surprise could trigger a large price surge.
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GOOG stock: Previous thesis and Q3 preview

My last coverage on Google (NASDAQ:GOOG, NASDAQ:GOOGL, i.e., Alphabet Inc) was published a bit more than one month ago. Under a title of “Google’s AI Expenditures Examined By $1


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