Google LLC is an American multinational technology firm founded by Larry Page and Sergey Brin (two PhD students of Stanford University, California) on Sep 4, 1998 under the parent company Alphabet Inc. Google has it headquarter situated in Mountain View, California, U.S.
The company is focused/ deals with search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence, and consumer electronics.
Google Inc. has established itself as one of the top global technological firms. Google’s class A and class C shares have a total market value of $440.47 billion as of July 27, 2015. By market capitalization, Google is the second-largest firm in the world, only behind Apple Inc. It had a market value that was around 10 times more than Yahoo Inc. and 1.67 times greater than Facebook Inc.
On April 29, 2004, the Securities and Exchange Commission (SEC) received the long-awaited IPO filing from Google, the top Internet search engine in the world. The company raised more than $1.9 billion after going public at $85, selling 22.5 million shares. On the day of its IPO, Google’s shares increased 18.05 percent to settle at $100.34.
That’s how Google entered the trading world on Aug 19, 2004 using ticker symbol ‘GOOG’ and ‘GOOGL’.
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Google Stock Forecast (Short- and Long-Term)
Here below is a basic price prediction table: –
|Years||Price by the End of the Year|
What Experts Say About Google?
As Google is such a popular stock and a lot of leading investors have their own thoughts about the stock.
Here below we have rounded up some quotes from them: –
“We continue to believe GOOGL’s innovation focus across its platform can drive outsized ad revenue and FCF growth.”
Doug Anmuth, JP Morgan, $3250 target
“Despite broader macro uncertainties, Alphabet delivered strong 4Q results … and management remains confident in the business, albeit without providing a detailed forward outlook … We also believe that GOOGL’s ongoing investments in AI & innovation continue to improve the overall search experience and drive higher growth,”
Lloyd Walmsley, UBS, $3900 target
“Strong core search ad revenue growth, a 20:1 stock split, substantial growth in the cloud backlog, and copacetic commentary around the outlook were more than enough to offset another weak quarter for YouTube revenue growth, slightly weaker Google Service margins … and higher cloud segment losses.”
Factors Affecting Price of Google Stock
Although it has much more to offer than just internet search, Google is best known for being a search engine. Due to the company’s wide range of offerings, we have listed some of the key influences on price below.
- Advertising: Selling advertising space on its search engine, YouTube, and numerous other websites is how Google generates billions of dollars each year. Because of competition, the online advertising market is getting more and more crowded, which could reduce the amount of money it makes from commercials.
- Android: The smartphone operating system industry mostly has two key players. iOS (Apple) and Android (Google). The two remain in fierce competition, and if Google can improve its market share, revenues might rise significantly.
- Waymo: Google introduced the Waymo self-driving car project in 2009. It’s still not available to the public after getting close a few years ago. But if it succeeds in the future, it will compete with companies like Tesla and other EV producers, and some analysts have already termed it a “game changer.”
Is Google Stock Worth a Buy?
The stock of Alphabet, Inc. (GOOG, GOOGL) has definitely been rising, albeit being a little bit more volatile than the market as a whole. Butis suitable for investors who follow a capital gain strategy and in a long run it will definitely benefit its investors.
You should do your own analysis before making any further decisions because this prediction is entirely based on our prediction and is subject to change.