Google Price Target $300 (after split) More than Double!
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Technical Analysis: -Bouncing off bottom of Bullish ABCD Pattern -Breaking above top trendline of downward trending megaphone pattern -MACD & RSI curling up out of oversold territory. -bouncing off Demand Zone created May 2021
Fundamentals: -Tech goes up when interest rates aren't going to rise as much as thought PE: 20.99 -New Watch to pull from Apples market share, Google Lens progressing integration w AR/VR -Youtube moat growing -Adwords valuable targeted ad spend for large & small companies. -Drive increases cloud revenue -Best robotics & AI company Current: $2321.01 = $116.05 post split PT: $300 = $6,000 pre-split '19 Q3 Earnings: $15.35 Price 1 wk later: $1,534 (NORMAL) '22 Q1 Earnings: $30.69 Price 1 wk later: $2,700 (UNDERVALUED)