Google Stock Review, Search Engine that Created an Empire

Google is one of the largest tech companies in the world. It has seen everything from the 2008 financial crisis to the coronavirus pandemic and has been steadily increasing ever since it was listed on the New York Stock Exchange. In this article we’ll be taking a look at Google stock and giving an honest review of its short-term and long-term forecasts, recent movement, and major developments that may change Google’s stock price.

What is Google?

Google is one of the largest search engines in the world and the chances are that if you are reading this right now you probably either know about Google, or you used Google to get here. It’s one of the largest tech companies in the world with many different products and services on top of its search engine that make it an extremely powerful force in the industry. Many people know about Google and its search engine capabilities, but a lot of people don’t know about Google’s phones, database management systems, cloud computing influence, and impact in the data center world that has made Google a data giant. It may seem like this information is unimportant, however, after Google had announced its quantum computing superiority, Alphabet Inc., Google’s parent company, gained 12 percent over the next two months. Obviously, there are other factors that play into this, but there are a lot of smaller parts of Google that can influence its market performance.

Google Stock ReviewGoogle Stock Movement

Google stock has climbed consistently ever since it was listed publicly. It is safe to say that unless all the computers in the world suddenly go bust, Google will be around for a very long time. Google has not suffered greatly during the Coronavirus pandemic and has recovered from the brief drop in its stock price, and upon looking at Google stock it is clear to see that this stock is a great buying opportunity. Its current PE ratio sits at about 27.75, which is not extremely high for a tech company of this size. It is near fair value, it is showing bullish patterns, and projections look positive for short term, mid term comma and long term. Google is one of those stocks that just screams to be bought.

Google Developments

Google is always putting out new technology, new services, and applications that make life easier for everyone throughout the world. Recently, Google has dipped its toes into the online video chat market with Google meet, released its pixel 5 processor specs, and had many new developments on Google Fi, which is Google’s own personal cell phone service which uses Sprint , T-Mobile, and US cellular networks. Google is an incredibly diverse company and as a result will continue to see growth in its stock price. This is exactly why a PE ratio of 27.75 means that it’s fair value.

Should You Invest in Google Stock?

I’ll make this section very plain and very simple. My Google stock review is that Google is one of the safest investments you can possibly make with one of the largest returns that you can possibly get from a single stock. If you were considering investing, I think that’s a very wise choice. Make sure it is done with that diversified portfolio filled with stocks, bonds, and international stocks from several different industries to offset any losses that you may incur, however, Google appears to have a continuing upward trend that has almost persisted two decades.

 

Sources:

https://finance.yahoo.com

https://money.cnn.com/data/markets/

 

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