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?
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@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?
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