Google: Bright Future Priced In

Summary:

• Google’s stock has limited upside at $190, despite its strong AI, cloud, and quantum computing advancements, making it a Hold.
• Significant investments in AI, cloud, and autonomous taxi ventures like Waymo position Google for future growth as a business.
• Google’s robust financial position supports continued innovation, with a strong balance sheet and substantial cash reserves.

My thesis

It appears that I was wrong when I called Google’s stock (NASDAQ:GOOGL) too expensive in my previous neutral call. The share price increased by 16% since late August, which means that GOOGL notably outperformed the broader

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOGL either through stock ownership, options, or other derivatives. 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.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.