From Morningstar: 2024-08-21 09:52:00

Morningstar raised its Fair Value Estimate for Alphabet (GOOGL) to $209 from $182, citing growth expectations in cloud computing. Alphabet is a conglomerate excelling in various sectors, generating significant free cash flow annually. The focus on AI investments aims to strengthen Google Search’s core product and advertising capabilities. Antitrust concerns are unlikely to impact Google’s search dominance long-term.

Key Morningstar Metrics for Alphabet include a ★★★★ Morningstar Rating, $209 Fair Value Estimate, Wide Economic Moat Rating, and Medium Uncertainty Rating. To access the full article, registration as a Morningstar Basic member is required.



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