The search engine giant is defending market share in its most important segment.Alphabet (GOOG -1.14%) (GOOGL -1.20%) had one of the better earnings reports of the large-cap tech stocks that reported earnings last week.*Stock prices used were the afternoon prices of Nov. 2, 2024. The video was published on Nov. 4, 2024. ...

Investors have several ways to gain exposure to a stock’s price movement, with the most popular being to simply buy shares. However, there's also a method that can limit downside risk and significantly boost profit potential—if a few key conditions are met. Specifically, getting both the direction and timing right. Stock options can increase upside and limit downside, but their value depends on choosing the correct direction and acting within the option’s expiration date. Knowing this, you can see how unusu ...

Google logo sign is seen outiside Google office in Krakow, Poland on October 19th, 2024. (Photo by ... [+] Beata Zawrzel/NurPhoto via Getty Images)NurPhoto via Getty ImagesAlphabet stock (NASDAQ: GOOG) saw a marginal growth of over 1% last week, despite it reporting a solid quarter. The company reported revenue of $88.3 billion and earnings of $2.12 per share, both metrics well above the consensus estimates of $86.3 billion and $1.85, respectively. The increased demand for AI solutions drove the growth for ...

Alphabet stock popped following an impressive third-quarter earnings report.Even though Halloween is over, I can't help but take note of some spooky themes still around me. No, I'm not talking about ghosts or monsters. Rather, I'm talking about all the red I'm seeing in the markets lately.Third-quarter earnings season kicked off, and the presidential election is at hand. All of this uncertainty is manifesting through a series of sell-offs in the stock market, and I don't like it!But one stock that's been ho ...

Third-quarter earnings reminded Wall Street there is so much more to Alphabet than its Google brand.Google's years-long run as the world's dominant internet search engine has turned Alphabet (GOOG -1.14%) (GOOGL -1.20%) into a technology juggernaut worth over $2 trillion today. The stock has returned over 6,700% since its initial public offering (IPO) about 20 years ago, easily outpacing the S&P 500's 680%.Companies grow up, mature, and then slow down. Sometimes, they even die off. In that light, it's fair ...

文章核心观点 - 英伟达市值达3.3万亿美元，Meta和Alphabet有潜力在未来三到四年内超过英伟达市值[1] Meta相关 - Meta目前市值1.4万亿美元，到2028年市值可能增长140%达到3.4万亿美元，意味着未来四年年化回报率25%[1] - Meta拥有四个热门社交媒体网络，近33亿人每天至少使用其中一个平台，其数据可用于广告活动，是全球第二大广告技术公司[3] - 据eMarketer，Meta今年将占数字广告销售额的21.9%，比去年上升0.4个百分点，随着向人工智能倾斜可能继续增加份额[4] - Meta的对话助手Meta AI自4月推出以来每月吸引超5亿用户，AI驱动的推荐使Facebook和Instagram的使用时长分别增加8%和6%[4] - 上个月超100万广告商使用Meta的生成式AI工具创建营销内容，CEO估计这些工具使转化率提高7%，未来可能为广告商提高更多生产力从而增加市场份额[5] - 到2030年广告技术软件市场预计年增长22%，数字广告支出预计年增长15%，Meta有望实现高两位数的年收入增长，且在增强现实方面有潜在机会，该市场到2030年预计年增长38%[6][7] - 华尔街预计Meta未来三年盈利年增长21%，当前26.7倍市盈率合理，若未来四年盈利年增长25%，在市盈率不变情况下2028年市值将超3.3万亿美元[8] Alphabet相关 - Alphabet目前市值2万亿美元，到2027年市值可能增长70%达到3.4万亿美元，意味着未来三年年化回报率19%[1] - Alphabet旗下谷歌是全球最大数字广告公司，据eMarketer，今年将占数字广告支出的27.4%，比去年下降0.6个百分点，在开放互联网方面市场份额有损失，但通过AI维持在搜索和视频广告方面的优势[9] - 谷歌在搜索中引入生成式AI概述，CEO称参与度和用户满意度呈上升趋势，用Gemini模型为YouTube用户提供相关内容，还将推出视频生成模型Veo[10] - 谷歌是第三大公共云且份额在增加，第三季度占云基础设施和平台服务支出的13%，比去年上升2个百分点，AI是份额增加的重要因素，被Forrester Research评为AI基础设施解决方案和基础大型语言模型的领导者[11] - Alphabet的自动驾驶子公司Waymo虽到2027年不太可能成为重要收入来源，但基于未来潜力已影响整体市值，在最新一轮融资中估值超450亿美元，未来进展可能提升Alphabet整体市值[12] - 华尔街预计公司未来三年盈利年增长16.7%，当前22.7倍市盈率合理，考虑到公共云支出到2030年预计年增长21%，云计算份额增加可能带来更快增长，若未来三年盈利年增长19%，在市盈率不变情况下2027年市值将超3.3万亿美元[13][14]

In my Q3 earnings preview of Google (NASDAQ: GOOGL ) (NASDAQ: GOOG ), I outlined a $190+ 12-month price target. Since that analysis, the stock has already gained 4.4% in price. Q3 results were excellent, andOliver Rodzianko is an investment analyst specializing in the technology sector, grounded in timeless value principles. His expertise spans AI, semiconductors, software, and renewable energy, with a focus on companies that demonstrate resilient management and lasting competitive advantages. A trusted voi ...

文章核心观点 - Alphabet (Google母公司)有望在2025年超越Nvidia,成为表现最佳的科技股之一 [2] - Alphabet的多个业务部门表现出色,尤其是Google搜索广告和Google Cloud [3][4][5][6] - Alphabet的股票估值相对较低,未来有望通过估值提升来超越Nvidia [7][8][9][10][11] 关键要点总结 Alphabet业务表现 - Google搜索广告业务收入同比增长12.3%,保持稳定增长 [4] - Google Cloud业务收入同比增长35%,增速明显加快 [5] - Google Cloud的增长主要得益于其生成式AI工具包的优势 [5] - Alphabet整体收入同比增长15%,利润也有大幅提升 [6] Alphabet估值分析 - Alphabet当前股票估值仅为22倍预期收益,相比Nvidia的49倍和大盘平均的24倍都较低 [7][8] - 与其他科技巨头如微软和苹果相比,Alphabet的估值也明显偏低 [9] - 未来随着Nvidia增速放缓,其估值有望下降,而Alphabet的估值有上升空间 [10][11]

文章核心观点 - 公司The Trade Desk和Alphabet代表了两种不同的数字广告市场投资方式 [1][2][3] - The Trade Desk是独立的需求方平台(DSP),帮助广告主在多个平台购买广告位,而Alphabet的Google则将DSP、供给方平台(SSP)和其他广告技术工具整合在其数字广告平台中 [1][2][3] - 许多广告主希望在谷歌和Meta之外的"开放互联网"上投放广告,因此会转向像The Trade Desk这样的独立DSP,这使得The Trade Desk被视为对谷歌的颠覆性挑战者 [3] 公司比较 The Trade Desk - 收入主要来自桌面、移动、连接电视(CTV)和零售媒体平台的广告销售,增长主要驱动力是CTV和零售媒体市场 [4] - 正在发展成为一家数字广告巨头,推出了AI驱动的Solimar平台、Unified ID 2.0解决方案和OpenPath平台 [5] Alphabet - 收入主要来自谷歌的广告服务,其余收入主要来自订阅服务、云基础设施平台和硬件产品销售 [6] - 近期增长主要来自YouTube广告、谷歌云业务扩张以及YouTube Premium、YouTube Music和Google One订阅用户增加 [6] 增长对比 - 过去4年,The Trade Desk的收入增长率远高于Alphabet [7][8] - 疫情期间,The Trade Desk的CTV业务增长强劲,而Alphabet的移动和桌面广告业务受到更大冲击 [8] - 2022年和2023年,The Trade Desk仍保持较快增长,而Alphabet面临YouTube广告动能下滑和搜索引擎竞争加剧的挑战 [9] 估值对比 - 未来4年,分析师预计The Trade Desk的收入和每股收益将分别以22%和62%的复合年增长率增长,而Alphabet的收入和每股收益增长率分别为12%和21% [10] - 但The Trade Desk的估值较高,Alphabet的估值较低,且Alphabet面临反垄断诉讼的不确定性 [10][11] 总结 - The Trade Desk是一只优秀的成长股,但目前股价已经过高,存在下跌风险 - Alphabet虽然面临一些短期挑战,但长期增长前景仍然良好,估值相对较低,可能是更好的选择 [12][13]

报告公司投资评级 Alphabet (GOOG US)维持"买入"评级,目标价为218.0美元,基于2025年24倍市盈率估值。[6][7] 报告的核心观点 1) Alphabet第三季度业绩超预期,总收入同比增长15%至883亿美元,净利润同比增长34%至263亿美元。[1] 2) Google云业务表现强劲,收入同比增长35%至114亿美元,毛利率同比提升14个百分点至17%。[1] 3) 通过AI技术,Google持续优化搜索体验,提升用户满意度,并在AI概述中整合搜索和购物广告,释放AI变现机会。[1] 4) 我们上调2024-2026年盈利预测6-8%,维持目标价。[1] 财务数据分析 1) 2024-2026年,Alphabet的收入、毛利、营业利润和净利润均保持两位数增长,毛利率、营业利润率和净利润率也将持续提升。[4][5] 2) 2024-2026年,Alphabet的每股收益(EPS)将从8.0美元增长至10.2美元,复合年增长率达18%。[4][5] 3) 2024-2026年,Alphabet的资产负债表保持健康,经营活动现金流充沛,为未来发展提供有力支撑。[10][11][12]