Name of opportunity: 👀
Alphabet Inc
Outperforming and undervalued?: 🌟
Alphabet’s Q2 earnings at the end of July showed that the company had achieved 14% revenue growth compared to the same period last year. Net income was also up 29% from Q2 2023.
But right now, the stock is considered by some to be undervalued - as we will go on to explain, analysts’ target price is significantly higher than what the stock is priced at right now.
Part of the reason for Alphabet's current low price is that its subsidiary company Google has recently been in trouble with the law in the US, accused of unfairly and illegally monopolising the search market. At the start of August, an American federal judge ruled that the company was guilty of breaking antitrust laws, causing Alphabet stock to initially fall by 3.8%. Over the last month, Alphabet stock is down 9.24%. Google is Alphabet’s largest subsidiary.
How hot is this investment opportunity? 🔥🔥🔥
Analysts consider Alphabet to be a fairly reliable stock - when compared to other Magnificent Seven stocks like Tesla, it shows much less volatility, but still tends to maintain steady growth. This screenshot from the Nemo app below shows Alphabet’s stock over the past 5 years - it's up 186.03%.
Analysts predict the price of Alphabet Inc will increase from $165.12 to $190.91 in the next 12 months. If you invested $1000, you might profit $154.54. Could this be a rare opportunity to grab Alphabet stock at a cheaper price than usual?
Alphabet’s Q2 earnings showed particularly strong performance in the cloud computing segment of the business, which should continue to drive revenue. Alphabet also makes a large amount of revenue from digital advertising - the largest digital advertiser in the world, Google accounts for 27.7% of global revenue share in the field.
One of the world’s most valuable companies: 💎
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. The Other Bets segment includes earlier stage technologies that are further afield from its core Google business. Alphabet has a market cap of $2.051 Trillion, estimated to be the world’s fourth largest company.
Which neme?: 🔍
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Download Nemo to check out Alphabet stock at its current dip
