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Added to YB: 2023-12-14

Pitch date: 2023-12-14

GOOGL [bullish]

Alphabet Inc.

+135.94%

current return

Author Info

No bio for this author

Company Info

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

Market Cap

$3.7T

Pitch Price

$130.63

Price Target

160.00 (-48%)

Dividend

0.27%

EV/EBITDA

24.50

P/E

30.52

EV/Sales

9.56

Sector

Interactive Media and Services

Category

growth

Show full summary:
$GOOGL Price target Raised to $160 at JPMorgan, Added as New Top Pick

$GOOGL PT to $160 at JPM, top pick: +11% '24 rev (+10% Search, +12% YouTube, +23% Cloud), 175bps margin expansion to 29.2%. Gemini Ultra to close AI gap in early '24. Less owned than peers, <17x '25E EPS of $8.03. DOJ/Play Store risk but impact may be less than feared.

Read full article (1 min)