Google Parent Alphabet Should Trade At A Premium Versus Peers: Analyst

Quick Summary:

The analyst writes that Alphabet should trade at a premium to a media peer group, given technology leadership, high margins, and strong cash flow generation for buybacks.

The analyst writes that Google patent Alphabet is well positioned long term with leading AI technology to apply to search, YouTube, and Cloud businesses.

As per Post, Alphabet should also benefit from increasing mobile usage, video usage, Google Play activity, and connected device activity (including autos).

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: News Briefs Analyst Ratings Tech Top Stories Benzinga Stories That Matter US38259P5089 Reiteration GOOGL Price Target Trading Ideas Analyst Color Expert Ideas GOOG US38259P7069

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 17:17:37 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23077165

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