Alphabet is gearing up to release its Q1 earnings report on April 24, and Morningstar anticipates a strong performance from Google Cloud, despite potential pressures on advertising. Investors can expect insights into GenAI monetization, while concerns over antitrust issues are likely to be unaddressed. The stock is considered undervalued, trading lower than its Magnificent Seven peers, and Morningstar foresees a turnaround in 2025. The companyâs forecast for growth appears promising, with a projected 10% compound annual growth rate over the next five years.
We are expecting a strong quarter for Google Cloud, with the firm releasing more data/metrics showing strength in the platform despite advertising pressures.
Alphabet's stock is materially undervalued, trading in the 5-star range, with a fair value estimate of $237 per share against its current price.
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