🎁$GOOG Reaches a 52-Week High, An ATH Under AI Wave Will Come Soon?

Trend_Radar
2023-08-31

1. $Alphabet(GOOG)$ Hits 52-week High After Announcing It’s “AI Monetary“Plan?

This mega-cap tech hitting a 52-week high on Tuesday and continues to rise on Wednesday, which is proving to be the next big AI play after $NVIDIA Corp(NVDA)$?

2. What Will Drive $Alphabet(GOOG)$ Higher？

  • Business: $Alphabet(GOOG)$ plans to start charging large businesses $30 per month for each user of its artificial intelligence enhancements that are being added to Gmail and other productivity apps, the company said Tuesday.

  • Earnings: Alphabet (GOOGL) Q2 2023 Earnings Call Transcript Summary @TigerGPT Google reported revenue of $74.6 billion, beating expectations for $72.75 billion while reporting earnings per share of $1.44, more than the $1.32 expected by analysts.

  • Valuation: According to $Alphabet(GOOG)$ 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.22, lower than the average data of 29.15.

  • YTD 2023: $Alphabet(GOOG)$ has experienced a 4.77% weekly gain and a 3-month gain of 2.87%. The YTD 2023 is 54.32%.

  • Target Price From Tiprank: Based on 36 Wall Street analysts offering 12 month price targets for Alphabet Class A in the last 3 months. The average price target is $150.67 with a high forecast of $200.00 and a low forecast of $121.00. The average price target represents a 11.96% change from the last price of $134.57.

3. More Discussions on $Alphabet(GOOG)$

@J.C. Parets: We just put on a Bullish Risk Reversal in $Google Long March 150 $Alphabet(GOOG)$ Calls and Short an equal amount of the March 125 Puts. Do you like this trade?

ImageImage

@TrendSpider $Alphabet(GOOG)$ Watch closely how $Alphabet(GOOG)$ reacts to wedge resistance here after closing up against it today...

4. Question for Tigers（All valid and top 10 most popular stocks will be rewarded by Tiger Coins)

  • Do you think the $Alphabet(GOOG)$ will show a breakout or rejection?

  • Why and What’s your target price for $Alphabet(GOOG)$ ?

  • Any other stocks are shaping the same pattern?

  • Editor's Pick Post Rewards: If you plan to share content over 500 characters, we strongly recommend selecting the "Also repost" button when posting a comment.

This way, your content will have a chance to be selected as a "Picked Post" and receive a reward of 200 Tiger Coins automatically! In addition, if your post gains high popularity, there's also a chance to win US$15-25 voucher rewards in our weekly "Creator Incentive Program."

💰 Stocks to watch today?(15 Nov)
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Shyon
    2023-09-01
    Shyon
    I believe Google will definitely breakout and going beyond its all time high within this year. The first target price will be around 152 USD. The reason is the company is doing very well and most importantly is it is in the right industry now, AI related! How do you think? AI is meme, AI is money, AI is everything now haha [Miser] [Miser] [Miser]
    @TigerGPT @GoodLife99 @Aqa @Universe宇宙 @b1uesky @icycrystal @rL @koolgal
    • TigerGPTReplyUniverse宇宙: 

      Based on the information provided, it is difficult to determine whether it is a good time to buy Alphabet stock now. Here are the reasons:

      Target Price: The target price estimates from analysts range from $120.0 to $200.0, with a mean estimate of $148.065. This indicates a wide range of opinions on the stock's future performance.

        

      Analyst Recommendations: Out of the analysts surveyed, 5 recommend, 6 buy, and 1 hold Alphabet stock. Again, this shows a mixed sentiment among analysts.

        

      Stock Trend Analysis: The latest price of Alphabet stock is $136.17, with a support price of $122.65 and a resistance price of $135.95. The average cost is $125.06. The stock's price has been volatile, which may present opportunities for buying at a lower price in the future.

        

      Fund Flow Analysis: The capital flow data shows mixed inflows and outflows over the past few days, indicating uncertainty in investor sentiment.

        

      Valuation Rating: One article suggests that Alphabet stock is still a bargain, with an intrinsic value of $181.29 compared to the current price of $136. However, it also mentions the stock's volatility, which could lead to further price declines.

        

      Considering the mixed opinions from analysts, the volatility of the stock price, and the uncertainty in fund flows, it is recommended to conduct further research and analysis before making a decision to buy Alphabet stock.

      Reference articles:

      Is There Now An Opportunity In Alphabet Inc. (NASDAQ:GOOGL)?  

      Alphabet Attracts Big Money Inflows  

    • Universe宇宙ReplyTigerGPT: 
      Can buy Alphabet stock now?
    • TigerGPT: 

      Based on the information provided, there are positive opinions about Google's potential breakout and growth in the AI industry. Analysts have recognized Google as a leader in AI infrastructure and cloud AI developer services, which should continue to drive growth in the future. The growing demand for artificial intelligence software has also made Wall Street bullish about Google's growth prospects. Additionally, upcoming AI developments, such as the launch of the Gemini large language model and the next version of tensor processing units, are expected to benefit Google's core apps and cloud services. However, it is important to note that there is no guarantee of a breakout or growth, and investors should consider holding the stock for at least five years.

      Reference articles:

      Google Is Ready To Fly High On AI.  

      2 Stock-Split AI Growth Stocks to Buy Before They Soar 53% and 135%, According to Wall Street  

      Meta Platforms Leads Ad Rebound Thanks To AI  

      🎁$GOOG Reaches a 52-Week High, An ATH Under AI Wave Will Come Soon?  

      Google's AI "Counteroffensive Taking Shape," Baird Says  

      Google: AI Will Lead The Way  

    • Universe宇宙: 
      AI is meme [Chuckle] [Chuckle]
    • b1uesky: 
      thk for sharing
  • TigerGPT
    2023-08-31
    TigerGPT

    Based on the information I found, here are the answers to your questions:

    The latest news and analysis on Alphabet (GOOG):

    I couldn't find the latest news and analysis on Alphabet (GOOG) in the given context. It's recommended to check financial news websites or platforms for the most up-to-date information.  

      

    Alphabet's current stock price, P/E ratio, and YTD gain:

    As of August 31, 2023, Alphabet's stock price is $135.88 USD.  

    The P/E ratio is 28.776.  

    The YTD gain information is not provided in the given context.  

      

    The target price from Tiprank:

    The target price from Tiprank is not mentioned in the given context.  

      

    Discussions or trade recommendations on GOOG:

    I couldn't find any specific discussions or trade recommendations on GOOG in the given context. It's recommended to check financial forums or platforms for discussions and recommendations.  

      

    Breakout or rejection for GOOG:

    The information about whether GOOG will show a breakout or rejection is not provided in the given context.  

      

    Target price for GOOG:

    The target price for GOOG is not mentioned in the given context.  

      

    Other stocks shaping the same pattern:

    The information about other stocks shaping the same pattern as GOOG is not provided in the given context.  

      

    Reference articles:

    Alphabet (GOOGL) Q2 2023 Earnings Call Transcript  

    Alphabet (GOOGL) Q2 2023 Earnings Call Transcript Summary  

    Alphabet: One Chart Explains the Mega-Rally  

    Alphabet (GOOGL) Outpaces Stock Market Gains: What You Should Know  

    Alphabet: AI Powerhouse  

    Google: Sun Shining Days  

  • Aqa
    2023-08-31
    Aqa
    Yes, GOOG will certainly continue its uptrend for sometime. Its already break out. Goog will have no problem going up and beyond USD 140. Tag 🐯 friends @icycrystal @Shyon @rL @StickyRice @Universe宇宙 @HelenJanet @SPOT_ON @Jadenkho @SR050321 @GoodLife99 @melson @koolgal
  • Universe宇宙
    2023-08-31
    Universe宇宙
    @TigerGPT identify Strengths, Weaknesses, Opportunities, and Threats related to the Alphabet (GOOG) stock in 5 paragraphs.
    • TigerGPTReplyShyon: 

      Based on the information provided, I can provide a SWOT analysis for Tesla and compare it to Alphabet (GOOG).

      SWOT analysis for Tesla:Strengths:

      Strong brand recognition and reputation in the electric vehicle market.  

      Innovative technology and design in electric vehicles.  

      Strong financial performance and growth potential.  

      Weaknesses:

      Dependence on a limited number of suppliers for key components.  

      High production costs and limited production capacity.  

      Limited product line compared to traditional automakers.  

      Opportunities:

      Growing demand for electric vehicles.  

      Expansion into new markets, such as China and Europe.  

      Development of new technologies, such as autonomous driving.  

      Threats:

      Intense competition from traditional automakers and new entrants in the electric vehicle market.  

      Dependence on government incentives and regulations.  

      Fluctuations in commodity prices, such as lithium and cobalt.  

      Comparison to Alphabet (GOOG):Strengths:

      Dominant market position in the search engine industry.  

      Strong financial performance and growth potential.  

      Diversified product line, including Google Cloud and YouTube.  

      Weaknesses:

      Dependence on advertising revenue.  

      Limited success in new product areas, such as social media and hardware.  

      Regulatory scrutiny and potential antitrust issues.  

      Opportunities:

      Expansion into new markets, such as healthcare and autonomous driving.  

      Development of new technologies, such as artificial intelligence and quantum computing.  

      Growing demand for cloud computing services.  

      Threats:

      Intense competition from other tech giants, such as Amazon and Microsoft.  

      Increasing regulatory scrutiny and potential antitrust issues.  

      Dependence on a limited number of suppliers for key components.  

      In summary, Tesla's strengths lie in its strong brand recognition and reputation in the electric vehicle market, while Alphabet's strengths lie in its dominant market position in the search engine industry. Both companies face intense competition and regulatory scrutiny, but have opportunities for growth through expansion into new markets and development of new technologies.

      Reference articles：

      Homeowner shares ‘stunning’ before-and-after photos while bringing their dead lawn back to life: ‘It’s so much better now’  

      Donald Trump vs Joe Biden Stock Market, GDP, and Jobs Created  

      Microsoft Edge vs Chrome in 2023 [Which Browser is Better?] - Cloudwards  

    • Universe宇宙ReplyShyon: 
      [Chuckle]
    • Universe宇宙ReplyShyon: 
      [LOL] [Facepalm]
    • ShyonReplyTigerGPT: 
      It is much better now.
    • TigerGPTReplyShyon: 

      Based on the relevant information I have found, here is a SWOT analysis for Alphabet (GOOG) stock in 5 paragraphs:

      Alphabet's strengths lie in its dominant position in the search engine market, with Google being the most widely used search engine in the world. The company also has a strong brand reputation and a diverse range of products and services, including YouTube, Google Cloud, and Android. Additionally, Alphabet has a strong financial position, with a large cash reserve and consistent revenue growth.

      However, Alphabet also faces several weaknesses, including the potential for regulatory scrutiny due to its dominant market position. The company also relies heavily on advertising revenue, which can be impacted by changes in consumer behavior or economic downturns. Additionally, Alphabet has faced criticism for its handling of user data and privacy concerns.

      Opportunities for Alphabet include expanding into new markets, such as healthcare or autonomous vehicles, and continuing to innovate in areas such as artificial intelligence and machine learning. The company can also benefit from the growing trend of digitalization and the increasing use of technology in everyday life.

      Threats to Alphabet include increasing competition from other tech giants such as Amazon and Facebook, as well as potential regulatory changes that could impact the company's business model. Additionally, Alphabet faces the risk of cybersecurity threats and data breaches, which could damage the company's reputation and financial performance.

      Overall, Alphabet's strong brand reputation, diverse range of products and services, and financial position are significant strengths. However, the company must address weaknesses such as regulatory scrutiny and privacy concerns, while also capitalizing on opportunities in new markets and technology innovation. Additionally, Alphabet must navigate threats such as increasing competition and cybersecurity risks to maintain its position as a leading tech company.

  • icycrystal
    2023-09-01
    icycrystal
    @HelenJanet @Shyon @xXxZealandxXx @aunteenat @LMSunshine @koolgal @GoodLife99 @Zarkness @rL come comment and win coins [smile] [smile] [smile]
    • Shyon: 
      Thanks for tag ya
  • MHh
    2023-08-31
    MHh
    @GoodLife99 @rL @SR050321 @Kaixiang @Success88 @SPOT_ON @HelenJanet @Universe宇宙 @DiAngel @Fenger1188 come join
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