GOOGL - Google: Surprising Results In An Environment Of Uncertainty
2024-05-10 17:13:39 ET
Summary
- Google's revenue growth rates remain strong, with increases in YouTube, Cloud, and Search.
- Google's Free Cash Flow is strong, but rising SBC costs should be monitored.
- Alphabet's share buybacks and potential dividend growth rate offer positive prospects for shareholders.
The Alphabet Investment Thesis
Seeking Alpha
In my last article from January 2024, I wrote about how Alphabet (GOOG) (GOOGL) seemed to be a bit slow in entering the AI era , as it looked like the competition had been able to gain small advantages. And I even thought that Google's moat might be in danger.
However, the latest results seem to show that Alphabet's execution was better than the market expected and market participants assumed. Therefore, I think that one should take another look at the updated situation to see if a rating upgrade would be appropriate based on the new situation....
Google: Surprising Results In An Environment Of Uncertainty