#4 - Alphabet (NASDAQ:GOOGL)
Alphabet (NASDAQ: GOOGL) - If you have an appetite for technology stocks, Alphabet (the company formerly known as Google) bears close attention. One of the common features of successful technology companies is their ability to adapt to change. In addition to owning YouTube and retaining their lead as an internet search and advertising space, they are making significant investments into artificial intelligence (AI) and virtual reality. And they’re not stopping there. Their Android phones are gaining in popularity and their Google Home product is making inroads into the internet of things category that is still largely Amazon’s turf. Strategic expansions will include Google Fiber, Google Play, Google Cloud which will help Alphabet move into the growing cloud space. As an investor, one of the many reasons to be excited is their financial stability. Their Google division remains their cash cow, generating revenue at over 20% year over year, allowing it to make investments in all these different areas without having to take on debt. In their Q4 2018 earnings report, Alphabet reported a revenue increase of 22% and earnings of $12.77. Both numbers beat expectations.
About Alphabet
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
Read More - Current Price
- $176.06
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 31 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $190.60 (8.3% Upside)
