During the past couple of years, Google saw a significant improvement over its stock value. The stock value slowly approaches $1300 and at this price, it represents a great opportunity.
Google Stock a Great Long-Term Investment
Google’s secret is its multiple sectors of business. On one side, we have a well-known search engine and on the other side, we have websites like YouTube and other digital services. Due to the increasing popularity of YouTube, as an alternative media, Google’s revenue is slowly rising.
During the last quarter of 2018, Google grew its revenues by 26%. That’s a very good result, having in mind the other companies that grew by less than 12%. Taking the mathematics into the account, we can see that it’s more than double.
Investing in Alphabet (GOOGL) in 2019
Furthermore, Google owns numerous companies of which the most popular is Alphabet. Alphabet marked a great period for Google, in both 2018 and 2019. Their revenue is $136.8 billion, with net income of $30.7 billion.
Of course, this is just for ONE company that Google owns. Coupled with the income of Google as a web browser, as well as YouTube, we can get impressive numbers.
Google Stock Future Forecast: Will Google Stock Grow Further?
Most definitely. Google owns two of the most popular social media websites, as well as their company Alphabet. But, there’s too much turbulence on the market at the beginning of 2019.
The valuations, trade tensions, earnings, and economic expansion are just some of the problems. The potential investors shouldn’t hurry in this case.
Google’s stock is most definitely going to grow, making it a great choice for any kind of investors. But, as things stand, you should wait a little bit. After all, a stock of more than $1000 isn’t a cheap investment.
Despite not being cheap, Google is one of the safest investments out there and will probably remain like that in the next couple of years. Source: fool