Baseman raises Google to STRONG BUY. Price target $3,000
Comments
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Unfortunately, don't trust any of them.Pitchfork51 said:Google cloud is far superior to aws and azure
Wishing Elon would turn his sights to cloud services.
In Elon we trust.
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This accurately describes my quarterly bi-polar cycles. If only I was smart enough to find the similarities and timing, as it pertains to the market, I’d not be so pour.oregonblitzkrieg said:
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Nothing would please be more than to see Google plunge to $1,000 in the next 1 monthsoregonblitzkrieg said:
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Mark my words, Google won't exist a few years from now. Their Illicit AI Program poses a threat to the entire World.Baseman said:
Nothing would please be more than to see Google plunge to 0 in the next 1 monthsoregonblitzkrieg said:
Not to mention their rampant censorship of the Internet, and their complicity in the Covid Murder Vaccine Program. -
An infallible endorsement to buy GOOG. I'm in.oregonblitzkrieg said:
Mark my words, Google won't exist a few years from now. Their Illicit AI Program poses a threat to the entire World.Baseman said:
Nothing would please be more than to see Google plunge to 0 in the next 1 monthsoregonblitzkrieg said:
Not to mention their rampant censorship of the Internet, and their complicity in the Covid Murder Vaccine Program. -
My first upvote for you in a couple of years. This was good.oregonblitzkrieg said: -
Words marked. I will check in with you in one year. If Google still exists, I'm going to run your Duck ass again.oregonblitzkrieg said:
Mark my words, Google won't exist a few years from now. Their Illicit AI Program poses a threat to the entire World.Baseman said:
Nothing would please be more than to see Google plunge to 0 in the next 1 monthsoregonblitzkrieg said:
Not to mention their rampant censorship of the Internet, and their complicity in the Covid Murder Vaccine Program. -
Huge Quarter: $27.26 diluted. Killing it. Well on pace for over $100 for 2021.Baseman said:Wow. Just wow. $26.49 EPS for the quarter.
2021 analysts estimates were $60 which I thought was low. I forecasted $80 and now Google is on a $100+ EPS run rate for the year.
At 30 times current year earnings, I've assigned a $3,000 per share price target.
Highlights
Youtube: 6.5 billion daily views as of March, up from 3.5 billion at the end of 2020. That's a lot of ad impressions, folks. They continue buildout of Youtube Premium.
Cloud & Workspace: Q1 revenue grew 46% year-over-year. Cloud lost $1B but is scaling towards the inflection point where it will be cash-flow accretive. Google is pedal down on growing this business. They are third behind Amazon and Microsoft but they should close the gap.
Cash Flow Operations: $19.3 billion.
Free Cash Flow: $13.3 billion in the quarter. $50.7 billion for the trailing twelve months.
Cash Position: $135 billion in cash and marketable securities.
Buybacks: Approved an additional $50 billion. Google continues to reduced outstanding shares
Venture Arm: $4.8 billion, which primarily reflects unrealized gains in the value of investments in equity securities. Several early and late stage investments in high growth opportunity companies. https://www.gv.com/portfolio/
Other Bets
Biotech: Calico and its partner, AbbVie, announced that it has entered clinical-stage programs for new drug therapies for cancer and neurodegenerative diseases, like ALS, Parkinson’s disease and traumatic brain injury.
Waymo: Considered the leader in autonomous driving. Still skepticism, unfounded long term in my opinion. Good read for perceptions of Waymo's adoption rate in Phoenix. https://www.phoenixnewtimes.com/news/waymo-arizona-abrupt-stops-angry-residents-are-still-a-problem-11541896 -
I'm all about that GCPBaseman said:
Huge Quarter: $27.26 diluted. Killing it. Well on pace for over $100 for 2021.Baseman said:Wow. Just wow. $26.49 EPS for the quarter.
2021 analysts estimates were $60 which I thought was low. I forecasted $80 and now Google is on a $100+ EPS run rate for the year.
At 30 times current year earnings, I've assigned a $3,000 per share price target.
Highlights
Youtube: 6.5 billion daily views as of March, up from 3.5 billion at the end of 2020. That's a lot of ad impressions, folks. They continue buildout of Youtube Premium.
Cloud & Workspace: Q1 revenue grew 46% year-over-year. Cloud lost $1B but is scaling towards the inflection point where it will be cash-flow accretive. Google is pedal down on growing this business. They are third behind Amazon and Microsoft but they should close the gap.
Cash Flow Operations: $19.3 billion.
Free Cash Flow: $13.3 billion in the quarter. $50.7 billion for the trailing twelve months.
Cash Position: $135 billion in cash and marketable securities.
Buybacks: Approved an additional $50 billion. Google continues to reduced outstanding shares
Venture Arm: $4.8 billion, which primarily reflects unrealized gains in the value of investments in equity securities. Several early and late stage investments in high growth opportunity companies. https://www.gv.com/portfolio/
Other Bets
Biotech: Calico and its partner, AbbVie, announced that it has entered clinical-stage programs for new drug therapies for cancer and neurodegenerative diseases, like ALS, Parkinson’s disease and traumatic brain injury.
Waymo: Considered the leader in autonomous driving. Still skepticism, unfounded long term in my opinion. Good read for perceptions of Waymo's adoption rate in Phoenix. https://www.phoenixnewtimes.com/news/waymo-arizona-abrupt-stops-angry-residents-are-still-a-problem-11541896
