Alphabet (GOOGL) is down around 15% from its highs, which is OK as the stock market’s down. But what I don’t like is profit estimates.
Google (GOOGL) is planning to re–enter China with a search engine — and cloud computing — that will comply with Chinese authorities.
I expect shares of Alphabet (GOOGL) to be hitting new highs shortly — and eventually going to $1200 per share. Here’s my reasons why.
Facebook’s under pressure for selling user data, and companies are reacting by pulling ads from that site, which is good news for Google (GOOGL).
Alphabet (GOOGL) has revenue growth accelerate to 24% last qtr — the best qtr in years. Now I feel this stock’s P/E could rise to 30, which could mean a $1500 stock sometime in 2019.