Alphabet's Secret Weapon Just Proved Why the Stock Is a Screaming Buy
As a company gets larger, sometimes the business segment that got it to that point isn't the reason why investors might want to invest in it in the future.
For Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), advertising on Google got it to where it is today. While that may be a solid business now, Alphabet has another segment I'm much more excited about that will drive it to its next growth phase. Let's dive in and take a look.
The business I'm talking about is none other than Google Cloud. Alphabet's cloud computing offering is a vital part of its business and continues to grow and do well even as its advertising wing struggles. The shift from on-premises computing to cloud computing is a massive trend; Fortune Business Insights pegs the market opportunity at $2.4 trillion by 2030.
Source Fool.com
Alphabet Inc. A Stock
With 99 Buy predictions and 1 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 180 € there is a positive potential of 28.04% for Alphabet Inc. A compared to the current price of 140.58 €.
