Google Price Target $300 (after split) More than Double!
Technical Analysis:
-Bouncing off bottom of Bullish ABCD Pattern
-Breaking above top trendline of downward trending megaphone pattern
-MACD & RSI curling up out of oversold territory.
-bouncing off Demand Zone created May 2021
Fundamentals:
-Tech goes up when interest rates aren't going to rise as much as thought
PE: 20.99
-New Watch to pull from Apples market share, Google Lens progressing integration w AR/VR
-Youtube moat growing
-Adwords valuable targeted ad spend for large & small companies.
-Drive increases cloud revenue
-Best robotics & AI company
Current: $2321.01 = $116.05 post split
PT: $300 = $6,000 pre-split
'19 Q3 Earnings: $15.35 Price 1 wk later: $1,534 (NORMAL)
'22 Q1 Earnings: $30.69 Price 1 wk later: $2,700 (UNDERVALUED)
-Bouncing off bottom of Bullish ABCD Pattern
-Breaking above top trendline of downward trending megaphone pattern
-MACD & RSI curling up out of oversold territory.
-bouncing off Demand Zone created May 2021
Fundamentals:
-Tech goes up when interest rates aren't going to rise as much as thought
PE: 20.99
-New Watch to pull from Apples market share, Google Lens progressing integration w AR/VR
-Youtube moat growing
-Adwords valuable targeted ad spend for large & small companies.
-Drive increases cloud revenue
-Best robotics & AI company
Current: $2321.01 = $116.05 post split
PT: $300 = $6,000 pre-split
'19 Q3 Earnings: $15.35 Price 1 wk later: $1,534 (NORMAL)
'22 Q1 Earnings: $30.69 Price 1 wk later: $2,700 (UNDERVALUED)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.