Is Google a good stock to buy right now.
11/24/2024 11:54am
**Google (GOOGL) appears to be a strong investment candidate**, and here's why:
1. **Solid Fundamentals**: Alphabet Inc. exhibits robust financials, with a net income growth rate of 33.58% and a revenue growth rate of 15.09%. The company's diluted EPS has grown by 12.17%, indicating a healthy profitability trend.
|Ticker|Name|Date|Net Income YoY|code|market_code|
|---|---|---|---|---|---|
|GOOGL.O|Alphabet A|20231231|51.84233705226071|GOOGL|185|
|GOOGL.O|Alphabet A|20240331|57.2121453724005|GOOGL|185|
|GOOGL.O|Alphabet A|20240630|28.58776132404181|GOOGL|185|
|GOOGL.O|Alphabet A|20240930|33.58220326070395|GOOGL|185|
|Ticker|Name|Date|Total Revenue YoY|code|market_code|
|---|---|---|---|---|---|
|GOOGL.O|Alphabet A|20231231|13.494108983799705|GOOGL|185|
|GOOGL.O|Alphabet A|20240331|15.406880937710463|GOOGL|185|
|GOOGL.O|Alphabet A|20240630|13.589083695244222|GOOGL|185|
|GOOGL.O|Alphabet A|20240930|15.092642092498664|GOOGL|185|
|Ticker|Name|Date|Diluted EPS YoY|code|market_code|
|---|---|---|---|---|---|
|GOOGL.O|Alphabet A|20231231|56.19047619047618|GOOGL|185|
|GOOGL.O|Alphabet A|20240331|61.53846153846154|GOOGL|185|
|GOOGL.O|Alphabet A|20240630|31.25|GOOGL|185|
|GOOGL.O|Alphabet A|20240930|36.7741935483871|GOOGL|185|
2. **Positive Market Sentiment**: Despite recent regulatory challenges, the consensus rating for Alphabet is "Buy" with an average price target of $202.87, suggesting that analysts believe the stock has room to grow.
3. **Technical Indicators**: While the RSI indicates the stock is currently oversold, with a value of 26.72, this could also suggest a potential rebound as the stock price may be due for a correction.
|Ticker|Name|Date|Boll|RSI|KDJ|MACD|code|market_code|
|---|---|---|---|---|---|---|---|---|
|GOOGL.O|Alphabet A|20241122|173.9280|26.7176|-0.6382|-2.9114|GOOGL|185|
4. **Valuation Metrics**: Alphabet's P/E ratio stands at 21.39, which is relatively low for a tech company, indicating that the stock may be undervalued. The company's P/S ratio is 5.97, and its P/B ratio is 6.42, both of which suggest that the stock may be trading at a reasonable valuation relative to its book value and sales.
|Ticker|Name|Date|P/E(TTM)|code|market_code|
|---|---|---|---|---|---|
|GOOGL.O|Alphabet A|20240102|23.329469|GOOGL|185|
|GOOGL.O|Alphabet A|20240103|23.456104|GOOGL|185|
|GOOGL.O|Alphabet A|20240104|23.028923|GOOGL|185|
|GOOGL.O|Alphabet A|20240105|22.917484|GOOGL|185|
|GOOGL.O|Alphabet A|20240108|23.442596|GOOGL|185|
|GOOGL.O|Alphabet A|20240109|23.798861|GOOGL|185|
|GOOGL.O|Alphabet A|20240110|24.023427|GOOGL|185|
|GOOGL.O|Alphabet A|20240111|23.989657|GOOGL|185|
|GOOGL.O|Alphabet A|20240112|24.0859|GOOGL|185|
|GOOGL.O|Alphabet A|20240116|24.058884|GOOGL|185|
|Ticker|Name|Date|Price to Book Ratio|code|market_code|
|---|---|---|---|---|---|
|GOOGL.O|Alphabet A|20240102|6.329879429872401|GOOGL|185|
|GOOGL.O|Alphabet A|20240104|6.248333613955973|GOOGL|185|
|GOOGL.O|Alphabet A|20240105|6.218097524908309|GOOGL|185|
|GOOGL.O|Alphabet A|20240108|6.360573641481395|GOOGL|185|
|GOOGL.O|Alphabet A|20240109|6.457237501921655|GOOGL|185|
|GOOGL.O|Alphabet A|20240110|6.518167802578312|GOOGL|185|
|GOOGL.O|Alphabet A|20240111|6.509005351351748|GOOGL|185|
|GOOGL.O|Alphabet A|20240112|6.535118337347457|GOOGL|185|
|GOOGL.O|Alphabet A|20240116|6.527788376366205|GOOGL|185|
|GOOGL.O|Alphabet A|20240117|6.481059875110724|GOOGL|185|
|Ticker|Name|Date|P/S|code|market_code|
|---|---|---|---|---|---|
|GOOGL.O|Alphabet A|20240102|5.86655655768848|GOOGL|185|
|GOOGL.O|Alphabet A|20240103|5.898400788840441|GOOGL|185|
|GOOGL.O|Alphabet A|20240104|5.790979582421161|GOOGL|185|
|GOOGL.O|Alphabet A|20240105|5.762956659007435|GOOGL|185|
|GOOGL.O|Alphabet A|20240108|5.895004070850898|GOOGL|185|
|GOOGL.O|Alphabet A|20240109|5.98459250782508|GOOGL|185|
|GOOGL.O|Alphabet A|20240110|6.041062944401222|GOOGL|185|
|GOOGL.O|Alphabet A|20240111|6.032571149427366|GOOGL|185|
|GOOGL.O|Alphabet A|20240112|6.056772765102856|GOOGL|185|
|GOOGL.O|Alphabet A|20240116|6.049979329123771|GOOGL|185|
5. **Dividend and Cash Flow**: Alphabet does not currently pay a dividend, but its financials show a strong free cash flow of $59.71 billion, which is a positive sign for investors looking for companies with the ability to reinvest in growth.
|Ticker|Name|Date|Dividend Yield (TTM)|code|market_code|
|---|---|---|---|---|---|
|GOOGL.O|Alphabet A|20240617|0.112841|GOOGL|185|
|GOOGL.O|Alphabet A|20240618|0.114226|GOOGL|185|
|GOOGL.O|Alphabet A|20240620|0.114226|GOOGL|185|
|GOOGL.O|Alphabet A|20240621|0.114226|GOOGL|185|
|GOOGL.O|Alphabet A|20240624|0.111594|GOOGL|185|
|GOOGL.O|Alphabet A|20240625|0.108677|GOOGL|185|
|GOOGL.O|Alphabet A|20240626|0.108766|GOOGL|185|
|GOOGL.O|Alphabet A|20240627|0.107869|GOOGL|185|
|GOOGL.O|Alphabet A|20240628|0.109799|GOOGL|185|
|GOOGL.O|Alphabet A|20240701|0.109295|GOOGL|185|
6. **Strategic Investments**: The company has been making strategic investments in AI and cloud computing, which are high-growth areas. These investments could potentially drive future revenue growth.
7. **Market Position**: Alphabet's dominant market position in the digital advertising industry and its wide range of products and services that reach a large user base provide a strong foundation for future growth.
In conclusion, while there are regulatory challenges and market volatility to consider, the strong financials, positive market sentiment, and strategic investments make Google a compelling investment opportunity at the current time. Investors should consider their risk tolerance and investment horizon when making any investment decisions.
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