People are talking about how the gemini thing has been such a debacle and how google might be the next Meta so you should buy now. But they are only down 4% in the past month and not too far from their ATH of $150. Hardly like Meta when they were ridiculously undervalued at $90/share. What's got people bullish on google? Faith that they can turn it around and contend with openai? Hoping for a new CEO?
Tbf meta did close to nothing other than cost management to 5x the stock. My point is giant cash machines like Google really don’t need to do much to turn things around and do so quite fast
Because Google has a lot more than just Gemini/Search, it is making cash, it will take a while even if they get replaced
Dont buy Google then. Why are you questioning their decisions lol. Dont join Google. Dont simp for Google. Forget Google exist like how we forget Block exist
Meta is a bad comparison but I do think it’s undervalued compared to the rest of the tech giants. They need a new ceo and culture though.
You don't know how the price targets are made, watch some YouTube business classes.
First they need to fire 30% of coasting employees and inject new blood including CEO. Then it will hit $500 for sure.
I think GOOG is best positioned to leverage AI. They have hardware, software, and data. However, it does feel like Sundar needs to be a little more aggressive!
They have 30% profit margins, high EPS, ads revenue has rebounded significantly from 2022, showing higher growth and profitability in new bets (Cloud), and has a massive moat in search that Microsoft and ChatGPT hype weren't even able to make a dent in. In five years GOOG will be 3-4 T market cap, and you would've missed out. The media negativity has nothing to do with the fundamental business. It creates a massive buying opportunity as forward P/E is lower than most of the S&P. If you think GOOG is a better business than the average large cap. in the US, buy it, and buy A LOT. Most of my portfolio is in GOOG at this point.
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If we assume that their financials are not impacted this quarter, which seems possible, Google has a fairly low PE ratio. META went up and had a similarly low PE ratio. That is, compared to other tech stocks. The long term case needs to be that Google gets AI/search done right to where they still keep 90% market share and also enhance ad revenue. Yet to be proven. AI demo was a disaster and casts doubt with lower price as a result. Based on the news I've read about employees being forced to work overtime or get PIP factoried, I have a feeling they will get this fixed. All eyes are on the CEO now and how he fixes this. Very likely he's fired if financials take a hit.