Google: Sun Shining Days

Summary:

  • Alphabet/Google is on a roll. Revenue and margin expansion strategies are delivering.
  • Google Cloud is finally generating profits.
  • The company appears positioned to regain leadership of the AI industry.
  • We are increasing our Price Target to $150/share. Reiterate Buy Rating.

Front Entrance Sign at Google Alphabet Technology Corporation Building Seattle

SEASTOCK/iStock Editorial via Getty Images

Investment Thesis

Alphabet Inc. (NASDAQ:GOOG) aka Google is on the mend. The cruising that incrementally crippled the business over the previous few years is gone. Management has refocused the enterprise, identified key drivers of


Analyst’s 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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