Alphabet Inc. (GOOGL), the parent company of Google, is a global powerhouse in the tech industry. Let’s delve into the key aspects of their stock:
Stock Price: As of November 17, 2023, the stock price stands at $135.31, with a 1.18% decline during the day. After-hours trading shows a slight recovery to $135.601.
Market Cap: Alphabet boasts a massive market capitalization of $1.70 trillion.
Revenue: In 2022, Alphabet raked in $282.84 billion, a solid 9.78% increase from the previous year.
Net Income: Despite challenges, their net income remained robust at $59.97 billion.
Google Services and Beyond
Alphabet operates through various segments:
Google Services: This segment encompasses a plethora of products and services:
Ads: The lifeblood of Google’s revenue.
Android: The ubiquitous mobile operating system.
Chrome: The browser that connects the digital dots.
Gmail: Where our virtual conversations unfold.
Google Drive: Our digital storage haven.
Google Maps: Navigating the world, one click at a time.
Google Photos: Memories immortalized.
Google Play: The app store and digital content marketplace.
YouTube: The stage for creators and cat videos.
Google Cloud: Their cloud computing arm, competing with giants like Amazon Web Services (AWS) and Microsoft Azure.
Other Bets: A playground for innovation, including ventures like Waymo (self-driving cars) and Verily (life sciences).
Analyst Consensus
Rating: According to 39 analysts, the consensus is a resounding “Strong Buy.”
Price Forecast: The 12-month target price is $142.97, implying a 5.66% upside from the current price1.
The Antitrust Dance
Google’s dominance in search and online services has drawn regulatory scrutiny.
The ongoing antitrust lawsuit probes whether Google abused its search engine power.
Investors watch