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Alphabet: YouTube Keeps Pushing the Company Higher

On September 2, Alphabet (NASDAQ:GOOGL) announced that YouTube Music & Premium had reached 50 million subscribers. YouTube might be the greatest media M&A of all time, which, along...
Alphabet: YouTube Keeps Pushing the Company Higher © Reuters. Alphabet: YouTube Keeps Pushing the Company Higher

On September 2, Alphabet (NASDAQ:GOOGL) announced that YouTube Music & Premium had reached 50 million subscribers. YouTube might be the greatest media M&A of all time, which, along with other Alphabet business segments, keeps me bullish on the company’s future.

Alphabet is an American multinational conglomerate, it is divided into many subsidiaries, such as Waymo, X, Nest, Calico, and the well-known Google, which includes Ads, Cloud, YouTube, Android, and Maps, among others. (See Alphabet stock charts on TipRanks)

YouTube

YouTube revenue grew 84% year-over-year during Q2. YouTube Shorts, the new YouTube feature that imitates TikTok, surpassed 15 billion global daily views, up 131% from the 6.5 billion that it detailed in March.

According to a blog post from YouTube, its premium music service is the fastest growing music subscription service out there. Despite stealing market share from big players like Apple (NASDAQ:AAPL) and Spotify (NYSE:SPOT), YouTube music only accounts for 8% of the global music subscriber market share, according to MIDiA Research.

Alphabet Segments

Alphabet has such a strong core business, which has seen outstanding growth in revenues during the last five years.

Other Alphabet segments, such as Google Cloud & Other Bets, are quite promising.

Regarding Google Cloud, it grew revenues by an impressive 54% during Q2, and it holds 9% of the Cloud industry market share, with only Amazon's (NASDAQ:AMZN) AWS and Microsoft's (NASDAQ:MSFT) Azure ahead, according to Statista.

Valuation, Future Growth

Alphabet is deemed to do very well in the future as it continues to grow its core business, Cloud, and Other bets. The company is trading at 29x 2022 EPS, slightly above its five-year average of 26x.

Nonetheless, Alphabet is a very well-known company, which is difficult to find at cheap prices, though other FAANG stocks are trading at similar or higher valuations.

Wall Street's Take

According to Wall Street, Alphabet has a Strong Buy consensus rating, based on 29 Buys assigned in the past three months. At $3,192.61, the average Alphabet price target implies 11.9% upside potential.

Bottom Line

Seeing companies like Alphabet authorize the repurchase of an additional $50 billion of its Class C shares, while holding $136 billion in cash, just proves that big tech is the new defensive sector.

Looking forward, Alphabet is likely one of the best tech stocks to own. Do not be fooled by its high market capitalization: three years ago no one believed we could have trillion-dollar companies, and we now have five.

Disclosure: Álvaro Romero holds a long position in GOOGL at the time of publication.

Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates, and should be considered for informational purposes only. TipRanks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. TipRanks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by TipRanks or its affiliates. Past performance is not indicative of future results, prices or performance.

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28-09-2021 03:03:00 (UTC+7)

EUR/USD

1.1698

-0.0016 (-0.14%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (2)

EUR/USD

1.1698

-0.0016 (-0.14%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (2)

GBP/USD

1.3705

+0.0022 (+0.16%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (4)

USD/JPY

111.00

+0.28 (+0.26%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (5)

AUD/USD

0.7289

+0.0031 (+0.43%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

USD/CAD

1.2629

-0.0024 (-0.19%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

EUR/JPY

129.85

+0.14 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

EUR/CHF

1.0833

+0.0009 (+0.09%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (1)

Gold Futures

1,750.05

-1.65 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

22.637

+0.212 (+0.95%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Copper Futures

4.2815

-0.0040 (-0.09%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (4)

Sell (4)

Crude Oil WTI Futures

75.48

+1.50 (+2.03%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

Brent Oil Futures

78.65

+1.42 (+1.84%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (1)

Natural Gas Futures

5.864

+0.664 (+12.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

US Coffee C Futures

194.98

+0.63 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

Euro Stoxx 50

4,165.48

+6.97 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,444.03

-11.45 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

DAX

15,573.88

+42.13 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

FTSE 100

7,063.40

+11.92 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Hang Seng

24,208.78

+16.62 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,284.15

+30.27 (+1.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

IBEX 35

9,002.90

+129.80 (+1.46%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

BASF SE NA O.N.

64.740

+1.040 (+1.63%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (5)

Bayer AG NA

47.47

+0.99 (+2.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Allianz SE VNA O.N.

196.19

+3.85 (+2.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Adidas AG

278.80

-2.77 (-0.98%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Deutsche Lufthansa AG

6.561

+0.328 (+5.26%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (2)

Siemens AG Class N

147.27

-0.84 (-0.57%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

Deutsche Bank AG

11.120

+0.285 (+2.63%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

 EUR/USD1.1698Buy
 GBP/USD1.3705Neutral
 USD/JPY111.00Sell
 AUD/USD0.7289↑ Sell
 USD/CAD1.2629Neutral
 EUR/JPY129.85↑ Sell
 EUR/CHF1.0833Neutral
 Gold1,750.05↑ Sell
 Silver22.637↑ Sell
 Copper4.2815Sell
 Crude Oil WTI75.48↑ Buy
 Brent Oil78.65Neutral
 Natural Gas5.864↑ Buy
 US Coffee C194.98↑ Buy
 Euro Stoxx 504,165.48↑ Sell
 S&P 5004,444.03↑ Sell
 DAX15,573.88↑ Sell
 FTSE 1007,063.40↑ Sell
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,284.15↑ Sell
 IBEX 359,002.90Buy
 BASF64.740↑ Sell
 Bayer47.47↑ Buy
 Allianz196.19↑ Buy
 Adidas278.80↑ Sell
 Lufthansa6.561↑ Buy
 Siemens AG147.27↑ Sell
 Deutsche Bank AG11.120↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(0/ 0) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
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