Google Worth Trillions More in Next Chapter: Analysts
Google's growth has been quietly impressive, and its next chapter could be worth trillions more. The company's Google Cloud grew at an astonishing 82% last quarter, nearly doubling Azure's 43% growth and more than doubling AWS's 37%. Despite this, the stock trades at a relatively low valuation of just 17 times earnings per share.
The analyst consensus is bullish on Google, with 13 analysts rating it 'Strong Buy' and 43 giving it a 'Buy' recommendation. The current price target for Google is $551.05, implying a potential upside of 64.63% from the current price of $337.46.
Google's growth is not limited to its Cloud business. Its Gemini platform has reached an impressive 950 million monthly active users, and Waymo, YouTube, and 350 million paid subscriptions are all adding to the company's revenue streams.