Alphabet Inc


SKU: GOOGL-1 Category:


Alphabet lived up to our ‘Buy’ recommendation from the previous quarter and cruised past our target price. The company reported a stunning first quarter of 2021 driven by strength in the company’s search, cloud, and YouTube businesses. In addition, continuous strength in ad revenue due to the economic recovery acts as a huge positive. Growth across categories like retail, technology, and consumers packaged goods drove revenues in the Google Services segment. It is worth mentioning that with increasing outdoor activities and travel by consumers, monetization of Google Maps could further strengthen the firm’s overall top-line growth. Moreover, in Network, exceptional growth was driven by AdMob and Ad Manager with particular strength in app campaigns. The company also amplified its share buyback program by $50 billion. We believe that the company has enough steam for another strong quarter and we maintain our ‘Buy’ recommendation with an elevated target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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