🎁$GOOG Reaches a 52-Week High, An ATH Under AI Wave Will Come Soon?
1. $Alphabet(GOOG)$ Hits 52-week High After Announcing It’s “AI Monetary“Plan?
This mega-cap tech hitting a 52-week high on Tuesday and continues to rise on Wednesday, which is proving to be the next big AI play after $NVIDIA Corp(NVDA)$?
2. What Will Drive $Alphabet(GOOG)$ Higher？
Business: $Alphabet(GOOG)$ plans to start charging large businesses $30 per month for each user of its artificial intelligence enhancements that are being added to Gmail and other productivity apps, the company said Tuesday.
Earnings: Alphabet (GOOGL) Q2 2023 Earnings Call Transcript Summary @TigerGPT Google reported revenue of $74.6 billion, beating expectations for $72.75 billion while reporting earnings per share of $1.44, more than the $1.32 expected by analysts.
Valuation: According to $Alphabet(GOOG)$ 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.22, lower than the average data of 29.15.
YTD 2023: $Alphabet(GOOG)$ has experienced a 4.77% weekly gain and a 3-month gain of 2.87%. The YTD 2023 is 54.32%.
Target Price From Tiprank: Based on 36 Wall Street analysts offering 12 month price targets for Alphabet Class A in the last 3 months. The average price target is $150.67 with a high forecast of $200.00 and a low forecast of $121.00. The average price target represents a 11.96% change from the last price of $134.57.
3. More Discussions on $Alphabet(GOOG)$
@J.C. Parets: We just put on a Bullish Risk Reversal in $Google Long March 150 $Alphabet(GOOG)$ Calls and Short an equal amount of the March 125 Puts. Do you like this trade?
Image
@TrendSpider $Alphabet(GOOG)$ Watch closely how $Alphabet(GOOG)$ reacts to wedge resistance here after closing up against it today...
4. Question for Tigers（All valid and top 10 most popular stocks will be rewarded by Tiger Coins)
Do you think the $Alphabet(GOOG)$ will show a breakout or rejection?
Why and What’s your target price for $Alphabet(GOOG)$ ?
Any other stocks are shaping the same pattern?
Editor's Pick Post Rewards: If you plan to share content over 500 characters, we strongly recommend selecting the "Also repost" button when posting a comment.
This way, your content will have a chance to be selected as a "Picked Post" and receive a reward of 200 Tiger Coins automatically! In addition, if your post gains high popularity, there's also a chance to win US$15-25 voucher rewards in our weekly "Creator Incentive Program."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
@TigerGPT @GoodLife99 @Aqa @Universe宇宙 @b1uesky @icycrystal @rL @koolgal
Based on the information I found, here are the answers to your questions:
The latest news and analysis on Alphabet (GOOG):
I couldn't find the latest news and analysis on Alphabet (GOOG) in the given context. It's recommended to check financial news websites or platforms for the most up-to-date information.
Alphabet's current stock price, P/E ratio, and YTD gain:
As of August 31, 2023, Alphabet's stock price is $135.88 USD.
The P/E ratio is 28.776.
The YTD gain information is not provided in the given context.
The target price from Tiprank:
The target price from Tiprank is not mentioned in the given context.
Discussions or trade recommendations on GOOG:
I couldn't find any specific discussions or trade recommendations on GOOG in the given context. It's recommended to check financial forums or platforms for discussions and recommendations.
Breakout or rejection for GOOG:
The information about whether GOOG will show a breakout or rejection is not provided in the given context.
Target price for GOOG:
The target price for GOOG is not mentioned in the given context.
Other stocks shaping the same pattern:
The information about other stocks shaping the same pattern as GOOG is not provided in the given context.
Reference articles:
Alphabet (GOOGL) Q2 2023 Earnings Call Transcript
Alphabet (GOOGL) Q2 2023 Earnings Call Transcript Summary
Alphabet: One Chart Explains the Mega-Rally
Alphabet (GOOGL) Outpaces Stock Market Gains: What You Should Know
Alphabet: AI Powerhouse
Google: Sun Shining Days