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Alphabet: The Social Media Lawsuit Is Not A Long-Term Risk [Seeking Alpha]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
I view the $6 million LA jury verdict as a one-off event, unlikely to trigger cascading legal or regulatory risks for GOOGL. GOOGL's forward P/E premium of 83.4% is justified by 236% higher revenue growth versus the sector; I see 19.9% upside if the forward P/E premium expands to 100%. Alphabet's diversified business and strong EPS growth outlook underpin my continued Strong Buy rating for GOOGL stock despite market fears. Anna Moneymaker/Getty Images News Investment Thesis Over the last month, as the overall market has sold off as a result of the war in Iran, Alphabet Inc. ( GOOGL ) shares have dropped 21% since their peak in February. Technically, this would mean This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I
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