Google: Going Nowhere Fast On Fundamentals


  • Trends signify major deceleration in business.
  • Recent layoffs unlikely to change business trajectory.
  • ChatGPT not an immediate threat.
  • We are downgrading the stock to a Hold Rating with a 1-year Price Target of $92/share.
Google"s headquarters in Silicon Valley in Mountain View, California.


Investment Conclusion

Alphabet’s (NASDAQ:GOOG) disappointing F4Q2022 financial results are consistent with the challenging long-term outlook, we outlined in our initiation report on the company published in November.

Longer term, GOOG remains a waning corporation, deriving a majority of its revenues and earnings

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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