Google’s Cloud Business Expected To Keep Lifting Shares Higher

Summary:

  • Google parent Alphabet’s shares have jumped 21.6% since February, outperforming the S&P 500.
  • The company’s cloud business, Google Cloud, is experiencing strong growth and improved profitability.
  • With the global cloud computing market expected to reach $1.44 trillion by 2029, Alphabet has significant growth potential.

Google Cloud Seattle Campus

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One of the best calls that I have made over the last several months has been Google (NASDAQ:GOOG) (NASDAQ:GOOGL). Since I last wrote a bullish article on the company in February of this year, shares

Company Price / Earnings Price / Operating Cash Flow EV / EBITDA
Google 29.4 20.6 20.7
Meta Platforms (META) 27.5 16.5 17.6
Microsoft 37.2 29.2 24.9
Baidu (BIDU) 15.6 6.8 7.3
Oracle (ORCL) 32.4 19.0 20.0
ServiceNow (NOW) 79.0 39.8 80.7


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.

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.


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